Cathie Wood's ARK Invest buys TSLA & SNOW; exits $77M in Roku shares
3 Articles
3 Articles
ARK Invest Exits Roku and Robinhood: Here's What Cathie Wood Is Buying Instead
TLDR ARK Invest divested $26.65M worth of Robinhood stock following the company’s workforce reduction announcement that drove share prices higher Approximately $77M in Roku holdings were liquidated across ARK’s funds after Fox’s $22B buyout deal was announced at $160/share ARK purchased $46.18M in Eli Lilly stock during a price dip, capitalizing on the company’s 4E Therapeutics acquisition Coinbase saw $18.92M in fresh ARK investment as the pla…
Cathie Wood buys more Tesla, cuts Roku as ARK doubles down on AI
Cathie Wood's ARK Invest increased its exposure to Tesla and Snowflake on Thursday while continuing to trim its position in Roku, according to the firm's latest daily trading disclosures.The moves underscore ARK's continued focus on artificial intelligence, cloud software, and long-term technology themes even as market volatility persists around some of its biggest holdings.ARK's purchases came as TSLA shares remained under pressure following th…
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