Cathie Wood's Ark Buys Palantir Shares For 5th Straight Session — Here Are Other Key Trades

Cathie Wood-led Ark Invest is piling up shares of data analytics company Palantir Technologies Inc PLTR on every dip.

The New York-based investment firm snapped up 683,996 shares — estimated to be worth $16.4 million, its fifth straight-session buy in the Peter Thiel co-founded company. 

Palantir shares closed 0.58% lower at $24.01 on Friday and have slipped about 4% in the past week. Shares of the company jumped 11% after it reported second-quarter earnings earlier this month.

Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the Ark Fintech Innovation ETF (NYSE: ARKF) and the Ark Autonomous Technology & Robotics ETF ARKQ to buy the shares on Friday.

Including Friday’s buys, Ark Invest holds a total of 36.09 million shares, worth $871.8 million in Palantir. 

See Also: Palantir, Square, Genius Sports, Zymergen — Stocks Cathie Wood's Ark Bought Or Sold Thursday

Here are some of the other key trades for Ark on Friday:

  • Shed 79,325 shares, estimated to be worth $20.87 million, in Jack Dorsey-led Square Inc SQ. Square share closed 2.20% higher at $263.05 on Friday.
  • Snapped up 84,860 shares, estimated to be worth $1.46 million, in Genius Sports Ltd GENI on the day shares of the sports data and technology company closed 1.41% higher at $17.26.
  • Shed 5,185 shares, estimated to be worth about $9.26 million, in Mercadolibre Inc MELI. Shares of the  Buenos Aires, Argentine-headquartered company that operates online marketplaces dedicated to e-commerce and online auctions, closed 1.51% higher at $1,786.54 on Friday.
  • Sold 84,975 shares, estimated to be worth about $11.7 million, in the U.S.-listed Chinese tech company Baidu Inc BIDU. Shares of Baidu closed 0.23% higher at $137.65 on Friday. 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsSector ETFsBroad U.S. Equity ETFsShort IdeasTrading IdeasETFsCathie WoodData Analytics
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!