Cathie Wood's Ark Invest Dumps Another $3.25M Worth Of Tesla Shares Amid Searing Q2 Deliveries Rally
Portfolio Pulse from Benzinga Neuro
Cathie Wood's Ark Invest sold $3.25M worth of Tesla shares despite a recent rally driven by strong Q2 deliveries. Ark Invest also made trades involving Teladoc Health, Intellia Therapeutics, Verve Therapeutics, Archer Aviation, Ginkgo Bioworks, AeroVironment, and Blade Air Mobility.
July 05, 2024 | 2:59 pm
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NEGATIVE IMPACT
Ark Invest's ARKQ fund sold shares of AeroVironment.
The sale of AeroVironment shares by Ark Invest could indicate a bearish outlook, potentially leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ark Invest's ARKK fund sold shares of Ginkgo Bioworks.
The sale of Ginkgo shares by Ark Invest could indicate a bearish outlook, potentially leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ark Invest's ARKF fund sold shares of Teladoc Health.
The sale of Teladoc shares by Ark Invest could indicate a bearish outlook, potentially leading to a short-term price decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest sold $3.25M worth of Tesla shares despite a recent 6.5% rally driven by strong Q2 deliveries.
The sale of Tesla shares by a prominent investor like Ark Invest could signal a lack of confidence in the stock's continued rise, potentially leading to a short-term price decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest's ARKG fund sold shares of Verve Therapeutics.
The sale of Verve shares by Ark Invest could indicate a bearish outlook, potentially leading to a short-term price decline.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Ark Invest's ARK Innovation ETF sold Tesla shares and bought shares of Archer Aviation.
The mixed trades within ARK Innovation ETF suggest a rebalancing strategy rather than a clear directional bet, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's ARKK fund bought shares of Archer Aviation.
The purchase of Archer shares by Ark Invest suggests a bullish outlook, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's ARKX fund bought shares of Blade Air Mobility.
The purchase of Blade shares by Ark Invest suggests a bullish outlook, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's ARKG fund bought shares of Intellia Therapeutics.
The purchase of Intellia shares by Ark Invest suggests a bullish outlook, potentially leading to a short-term price increase.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60