Cathie Wood Sells 27,841 TSLA Share ($7M) Friday Bought more than 1.3M share in 2023
Based on another article dated last Tuesday, Wood's funds have purchased more than 1.3 million TSLA shares so far in 2023. The Friday sales of 27,841 Tesla's share is peanut compared to what Cathie Wood still owned. Before anyone use this selling to conclude Tesla's stock is overbought, please do the math.
Quote:
Ark, through its Ark Innovation ETF and Ark Next Generation Internet ETF, sold 27,841 shares of Tesla. The sale would have fetched the fund $7.14 million, based on the $256.60 at which the stock closed on Friday... Ark bought more shares of Robinhood Markets Inc. on Friday - 1.07 million shares valued at $10.18 million.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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73209536 : Although they has started selling Tesla, its stock price is expected to hold up for a while.
ZnWCOP 73209536: Absolutely. But expect some volatility in short term how much I don't know. Whatever you do, just don't succumb to fear or greed.