Cathie Wood's Ark Buys an Electric-Vehicle Maker and Sells Another
On Friday, Ark funds in particular sold shares of electric-vehicle leader $Tesla(TSLA.US$ and bought into $NIO Inc(NIO.US$, the Chinese EV producer. (All valuations are as of Friday's close.)
As for Tesla, Wood has said her sales of the stock merely represented profit-taking and that she believes in the company for the long term. On Friday, Ark funds sold Tesla shares valued at $147.6 million. Tesla is still the No. 1 holding in Ark’s flagship Ark Innovation ETF $ARK Innovation ETF(ARKK.US$
$ARK Autonomous Technology & Robotics ETF(ARKQ.US$ bought 420,057 shares of Nio, worth $8.4 million.
As for Tesla, Wood has said her sales of the stock merely represented profit-taking and that she believes in the company for the long term. On Friday, Ark funds sold Tesla shares valued at $147.6 million. Tesla is still the No. 1 holding in Ark’s flagship Ark Innovation ETF $ARK Innovation ETF(ARKK.US$
$ARK Autonomous Technology & Robotics ETF(ARKQ.US$ bought 420,057 shares of Nio, worth $8.4 million.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
HengOngHuatlah : scared. finally break bad spell . find another to do pressing pump n dump
Singh Rahul HengOngHuatlah: Would you not buy NIO because of this?
Mario TimberlakeOP Singh Rahul: