Cathie Wood's Ark Invest Continues Loads Up On $6.05M Worth Of Robinhood Shares Amid Bitcoin Rebound, Dumps Zoom Stock
Portfolio Pulse from Benzinga Neuro
Cathie Wood's Ark Invest made significant trades, buying $6.05M worth of Robinhood shares and selling $9.1M worth of Zoom shares. The firm also made smaller trades involving Amazon, Discovery, Guardant Health, and Vertex Pharmaceuticals.
August 09, 2024 | 2:39 am
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POSITIVE IMPACT
Ark Invest bought 246 shares of Amazon, valued at $40,789, through various ETFs.
The purchase of Amazon shares, although small, indicates a positive outlook on the company's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased shares of Guardant Health, indicating a positive outlook on the company's future performance.
The purchase of Guardant Health shares suggests confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ark Invest purchased $6.05M worth of Robinhood shares following the company's impressive Q2 revenue beat and a 161% y-o-y increase in cryptocurrency revenue.
The significant purchase by Ark Invest indicates strong confidence in Robinhood's performance, especially after its Q2 revenue beat and substantial growth in cryptocurrency revenue.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ark Invest sold $9.1M worth of Zoom shares despite the company’s consistent earnings beats over the past seven quarters.
The sale of a significant amount of Zoom shares suggests a potential lack of confidence in the company's future performance, despite its history of earnings beats.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100