Overview

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Hace 3 días Another major investment was in the biotechnology sector, where ARK bought 262,459 shares of CRISPR Therapeutics AG (NASDAQ: CRSP), valued at approximately Selling over 85,000 Tesla (TSLA, Financial) on Thursday, CIO and CEO of Ark Invest Cathie Wood cashed in on the stock's biggest single day jump in over a decade to Renowned investor Cathie Wood’s asset management firm, Ark Invest, continues to sell Tesla (TSLA) stock. According to ARK’s trading statement from Thursday Data shows that ARK Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW), two funds under ARK Investment, sold a total of 62,151 shares of Tesla Hace 1 día On Friday, Cathie Wood-led Ark Invest made some significant trades. The most prominent among these were in Tesla Inc. TSLA, 10X Genomics Inc. TXG, Intellia The ARK Innovation ETF, managed by Cathie Wood, recently made headlines by selling over 200,000 Tesla shares valued at more than $92 million in December Cathie Wood, an ace hedge fund manager and an avid Tesla (TSLA) enthusiast, capitalized on the EV (electric vehicle) maker’s share price surge on Thursday. On Friday, Cathie Wood's Ark Invest bought 182,541 Tesla shares, worth $33.45 million as of the closing price. ARKK bought 151,984 shares and ARKW added 30,557.

Cathie Wood's Ark Investment Sells $92 Million in Tesla Shares: What's Happening?

Renowned investor Cathie Wood’s asset management firm, Ark Invest, continues to actively manage its Tesla (TSLA) position. Recent headlines focus on significant trades, including a substantial sale of Tesla stock. The ARK Innovation ETF, managed by Cathie Wood, recently made headlines by selling over 200,000 Tesla shares valued at more than $92 million in December.

Why is Ark Invest Selling Tesla Shares?

Cathie Wood, an ace hedge fund manager and an avid Tesla (TSLA) enthusiast, capitalized on the EV (electric vehicle) maker’s share price surge on Thursday. Selling over 85,000 Tesla (TSLA, Financial) on Thursday, CIO and CEO of Ark Invest Cathie Wood cashed in on the stock's biggest single day jump in over a decade to rebalance portfolios and potentially capitalize on gains.

Details of the Tesla Sale

Data shows that ARK Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW), two funds under ARK Investment, sold a total of 62,151 shares of Tesla. These sales represent a portion of ARK's overall portfolio strategy.

Ark Invest's Other Moves: Buying Tesla After the Sale

It's important to note that Ark's strategy involves both buying and selling. On Friday, Cathie Wood's Ark Invest bought 182,541 Tesla shares, worth $33.45 million as of the closing price. ARKK bought 151,984 shares and ARKW added 30,557. This indicates a continued, albeit more managed, interest in Tesla's long-term potential.

Ark Invest's Broader Investment Strategy

Hace 3 días Another major investment was in the biotechnology sector, where ARK bought 262,459 shares of CRISPR Therapeutics AG (NASDAQ: CRSP), valued at approximately. Hace 1 día On Friday, Cathie Wood-led Ark Invest made some significant trades. The most prominent among these were in Tesla Inc. TSLA, 10X Genomics Inc. TXG, Intellia. These moves showcase ARK's diverse investment approach, which extends beyond Tesla.