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Tesla Bull Cathie Wood Scoops Up $11.5M In Bill Gates-Backed Biotech's Stock
Thursday, May 19, 2022 - 7:12am | 336Ark Investment Management, led by Tesla Inc. (NASDAQ: TSLA) bull Cathie Wood, on Wednesday scooped up 4.75 million shares estimated to be worth $11.5 million in Ginkgo Bioworks Holdings Inc (NYSE: DNA) on the day the synthetic biology company slumped lower. Ginkgo Bioworks closed 11....
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Analyst Says Sam Bankman-Fried's Robinhood Stake Signals 'Strong Support'
Tuesday, May 17, 2022 - 6:31am | 558FTX founder and CEO Sam Bankman-Fried’s 7.6% position in Robinhood Markets Inc (NASDAQ: HOOD) is a signal of “strong support” for the trading platform popular with retail traders, according to Ark Investment Management analyst Max...
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Terra (LUNA) Blow-Up One Of The 'Largest Fiascos' In Crypto Market History, Ark Says
Tuesday, May 17, 2022 - 6:29am | 456TerraUSD (CRYPTO: UST) losing its peg to the dollar and the subsequent blow-up seen in Terra (CRYPTO: LUNA) was termed one of the “largest fiascos” in cryptocurrency market history by Frank Downing, an analyst with Cathie Wood-led Ark Invest. What Happened: ...
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Cathie Wood Adds $14M In Coinbase As Stock Weathers Massive Crypto Crash
Thursday, May 12, 2022 - 11:26pm | 434Cathie Wood-led Ark Investment Management scooped up more shares in Coinbase Global Inc (NASDAQ: COIN) on Thursday as the cryptocurrency trading platform emerged from a massive slump. St. Petersburg, Florida-based Ark Invest bought 240,791 shares, estimated...
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Cathie Wood Adds $1.1M Stake In This 3D Printing Partner Of Elon Musk's SpaceX
Wednesday, May 11, 2022 - 7:23am | 328Cathie Wood’s Ark Investment Management on Tuesday further raised its exposure in Velo3D Inc (NYSE: VLD), a 3D-printing technology firm that counts Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's SpaceX among its key customers. The...
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Here's Why This Tesla Analyst Expects Battery Costs To Drop As More EVs Reach End Of Life
Tuesday, May 10, 2022 - 8:52am | 416Tesla Inc’s (NASDAQ: TSLA) ability to recycle the bulk of raw materials from batteries could lead to significant battery cost declines and lift the importance of recycling as more electric vehicles reach end-of-life, Ark Investment Management analyst Sam Korus said. What Happened: Austin...
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Cathie Wood Loads Up On These 2 Crypto-Linked Stocks On The Dip
Tuesday, May 10, 2022 - 6:46am | 429Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. The popular money manager bought 72,339 shares, estimated to be worth $6.04 million, in Coinbase. Shares...
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Cathie Wood Cuts Twitter Stake By Another $6.4M, Edges Towards Complete Exit
Tuesday, May 10, 2022 - 5:21am | 355Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc (NYSE: TWTR), just days after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk raised about $7 billion to help fund his $44 billion take-private deal of the...
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Cathie Wood Cuts Another $32M From Tesla Stake — Initiates Position In This Legacy Automaker Instead
Tuesday, May 10, 2022 - 12:16am | 395Cathie Wood-led Ark Investment Management on Monday scooped up shares in General Motors Co (NYSE: GM), the money management firm's first-ever buy in a Detroit-based automaker. The stake purchase also comes a month after Wood said she had an open mind on the legacy...
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Why Tesla Bull Cathie Wood Is Betting This Stock, Dubbed 'Stay At Home' Play By Many, Will Win Big
Monday, May 9, 2022 - 7:15am | 669Popular star picker and Tesla Inc. (NASDAQ: TSLA) bull Cathie Wood, who runs Ark Investment Management, said on Sunday that Zoom Video Communications Inc (NASDAQ: ZM), will "win big" in its sector despite bearish analyst calls on the videoconferencing...
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Cathie Wood Raises Stake In Robinhood, 2 Other Crypto-Linked Stocks On The Dip
Friday, May 6, 2022 - 6:41am | 547Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in cryptocurrency-linked companies Robinhood Markets Inc (NASDAQ: HOOD), Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip. The popular money manager bought 255,670 shares — estimated to be...
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Cathie Wood Cuts Twitter Stake By 85% As Elon Musk Bulks Up Takeover Financing — Also Trims Tesla
Thursday, May 5, 2022 - 10:23pm | 500Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc (NYSE: TWTR) on the day Tesla Inc (NASDAQ: TSLA) CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion purchase of the...
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'Massive Misallocation' Of Capital: Cathie Wood Joins Elon Musk To Find Fault With Passive Investment
Wednesday, May 4, 2022 - 10:12pm | 494Popular stock picker Cathie Wood, who runs Ark Investment Management, on Wednesday joined Tesla Inc (NASDAQ: TSLA) CEO and billionaire entrepreneur Elon Musk to criticize passive funds and investments. What Happened: Wood expressed her concerns...
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Tesla Bull Cathie Wood Makes This Singular Trade Ahead Of Key Fed Meeting
Tuesday, May 3, 2022 - 10:34pm | 288Tesla Inc (NASDAQ: TSLA) bull Cathie Wood-led Ark Invest on Tuesday raised its exposure in cloud-based software firm Monday.com Ltd (NASDAQ: MNDY) on the dip, the only trade by the popular money manager ahead of a key Federal Reserve rate hike decision. St....
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Twitter Can Unlock 'Full Potential' If It Opens Up Algorithm To Third-Party Developers, Say Ark Analysts
Tuesday, May 3, 2022 - 9:31am | 434Twitter Inc (NYSE: TWTR) can unlock its full potential if it opens up its algorithmic feed to third-party developers, to allow users to opt for a mix of specially made features, Cathie Wood-led Ark Investment Management analysts said on Monday. What Happened: Twitter...