Cathie Wood-Led Ark Invest Went Shopping For AMD, Tesla, Amazon, Coinbase, Robinhood, Meta And Palantir Shares Amid Market Crash On Monday
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, made significant trades in several major companies amid a market downturn on Monday. Key purchases included shares of Tesla, Amazon, Coinbase, Robinhood, Meta Platforms, AMD, and Palantir. The firm also sold shares of Block, SoFi Technologies, UiPath, Ginkgo Bioworks, and Verve Therapeutics.
August 06, 2024 | 3:21 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ark Invest bought 25,316 shares of AMD, worth around $3.4 million, following a 1.75% increase in its stock price.
The purchase suggests a positive outlook on AMD's growth potential.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 176,963 shares of Amazon, worth around $28.5 million, despite a 4.1% drop in its stock price.
The significant purchase suggests strong confidence in Amazon's future growth despite current market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ark Invest purchased 93,797 shares of Coinbase, valued at approximately $17.78 million.
The purchase indicates a positive outlook on Coinbase's potential despite market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 681,885 shares of Robinhood, worth around $11.12 million, despite an 8.17% drop in its stock price.
The purchase suggests confidence in Robinhood's long-term potential despite short-term challenges.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 12,545 shares of Meta Platforms, worth around $5.96 million, despite a 2.54% drop in its stock price.
The purchase indicates confidence in Meta's future prospects despite current market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest bought 52,239 shares of Palantir, worth around $1.26 million, despite a 2.63% drop in its stock price.
The purchase indicates confidence in Palantir's long-term potential despite short-term market volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest purchased 12,426 shares of Tesla despite a 4.23% drop in its stock price.
The purchase indicates confidence in Tesla's long-term potential despite short-term market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ark Invest sold 454,775 shares of Block, worth around $26.02 million.
The sale suggests a lack of confidence in Block's short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80