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Tesla, Inc. (NASDAQ:TSLA) shares ended the past week around the $150 level, its worst close since November 2020. Even as the stock is battered and is down about 57% year-to-date, Cathie Wood stood behind the stock like a wall, with her firm Ark Invest adding to its position in the electric vehicle maker.
After being less active for a while, Ark Invest’s trading activity picked up some momentum this week.
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Here are the details of the firm’s Tesla purchases last week:
- Wednesday, three of Ark’s funds bought Tesla. The firm’s Ark Innovation ETF (NYSE:ARKK) bought 61,537 shares, the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) 10,066 shares and the Ark Next Generation Internet ETF (NYSE:ARKW) 3,259 shares. In Wednesday’s session, Ark’s cumulative purchase of Tesla stood at 74,862 shares, valued at $11.74 million, based on the session’s closing price.
- Thursday, ARKK bought 5,962 Tesla shares and ARKQ 500 shares, adding up to 6,462 shares, valued at $1.02 million, based on Thursday’s closing price.
- Friday, ARKK added 31,018 shares of Tesla, valued at $4.66 million, based on the session’s closing price of $150.23.
For the week, Wood’s cumulative Tesla stock buys totaled 111,842 shares or $17.42 million.
Tesla shares closed Friday’s session down 4.72% at $150.23, according to Benzinga Pro data.
See also: How to Invest In Tesla (TSLA) Stock
Photo: Courtesy of Shutterstock.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.