Cathie Wood's Ark Invest Acquires $7.3M Worth Of Shares In This Promising Netflix Competitor, Sells Off Coinbase Stock Amid Bitcoin Slump
Portfolio Pulse from Benzinga Neuro
Cathie Wood's Ark Invest made significant trades in Roku Inc and Coinbase Global Inc amidst a volatile market. Ark's ETFs acquired $7.3M worth of Roku shares and sold $703K worth of Coinbase shares. Other trades included selling Ginkgo Bioworks and Teladoc Health shares, and buying 10X Genomics and Intellia Therapeutics shares.
June 27, 2024 | 3:33 am
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NEGATIVE IMPACT
Ark Invest sold $703K worth of Coinbase shares amidst a Bitcoin slump caused by a significant transfer of cryptocurrency to Coinbase by the U.S. government.
The sale of Coinbase shares by Ark Invest amidst a Bitcoin slump indicates a bearish outlook on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest's ARKG ETF sold shares of Ginkgo Bioworks, indicating a potential shift in investment strategy or lack of confidence in the stock's short-term performance.
The sale of Ginkgo Bioworks shares by Ark Invest suggests a bearish outlook or a strategic shift in their investment portfolio.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Ark Invest's ARKG ETF sold shares of Teladoc Health, indicating a potential lack of confidence in the stock's short-term performance.
The sale of Teladoc Health shares by Ark Invest suggests a bearish outlook or a strategic shift in their investment portfolio.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Ark Invest's ARKG ETF bought shares of Intellia Therapeutics, indicating confidence in the company's growth potential.
The purchase of Intellia Therapeutics shares by Ark Invest suggests a bullish outlook on the company's future growth prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Ark Invest's purchase of $7.3M worth of Roku shares indicates strong confidence in the company's future prospects, especially with the recent launch of Roku Exchange.
The significant purchase by Ark Invest suggests a bullish outlook on Roku, especially with the recent launch of Roku Exchange, which could drive future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ark Invest's ARKG ETF bought shares of 10X Genomics, indicating confidence in the company's growth potential.
The purchase of 10X Genomics shares by Ark Invest suggests a bullish outlook on the company's future growth prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50