Cathie Wood's Ark Invest Sells $14.7M Worth Of Coinbase Shares And $8.5M Worth Of Palantir Stock — Also Sells Robinhood Shares But Loads Up On AMD
Portfolio Pulse from Benzinga Neuro
Cathie Wood's Ark Invest made significant trades involving Coinbase, Palantir, Robinhood, and AMD. Ark sold $14.7M worth of Coinbase shares, $8.5M worth of Palantir stock, and $5.72M worth of Robinhood shares. Additionally, Ark bought shares of AMD.
August 02, 2024 | 2:53 am
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POSITIVE IMPACT
Ark Invest bought shares of AMD, indicating a positive outlook on the stock.
The purchase of AMD shares by Ark Invest suggests a positive outlook on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $14.7M worth of Coinbase shares following a mixed earnings report.
The sale of a significant amount of shares by a major investor like Ark Invest can indicate a lack of confidence in the stock's short-term performance, especially following a mixed earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $5.72M worth of Robinhood shares ahead of its second-quarter earnings report.
Selling shares ahead of an earnings report can indicate a cautious outlook on the upcoming results, despite positive expectations from analysts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $8.5M worth of Palantir shares amid stock uncertainty despite a recent price target increase.
The sale of Palantir shares by Ark Invest suggests concerns about the stock's short-term performance, despite a recent price target increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100