Cathie Wood‘s Ark Invest made significant moves on Monday, by selling shares of Meta Platforms Inc. (NASDAQ:META) and Block Inc. (NYSE:XYZ).
However, analysts have described Block’s stock as “not for the faint of heart,” given its market volatility. The shares were sold at a closing price of $58.65, resulting in a trade value of around $755,000.
Last Tuesday, Ark sold $11.26 million worth of Block shares. Notably, the company’s recent earnings report showed a revenue miss. It is also noteworthy that Bitcoin has risen nearly 8% over the last seven days as investors brace for the Federal Reserve’s decision on interest rates.
Other Key Trades:
- Sold 4,852 shares of Roblox Corp from ARKF and 17,217 shares through ARKW.
- Bought 103,955 shares of Intellia Therapeutics Inc. in ARKG.
- Bought 105,510 shares of Iridium Communications Inc. in ARKK, 11,127 shares through ARKQ, and 5,304 shares via ARKX
- Bought 36,169 shares of Gitlab Inc. from ARKK and 10,036 from ARKW.
Image via Shutterstock
Read Next:
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
