Roku Inc. stock has struggled over the last year with shares down over 80%. Ark Invest, led by Cathie Wood, remains heavily invested in the streaming platform and hardware maker. The stock could be a big winner by the year 2026, Wood says.
Cathie Wood-led Ark Investment Management on Monday bought 366,982 shares of NVIDIA Corporation valued at nearly $65.3 million, based on Monday's closing price, via three of its exchange-traded funds. NVIDIA is the 26th largest holding in Ark's flagship Ark Innovation ETF , with a weight of 0.9%, according to the fund's website.
Shares of cloud-based communications software provider Twilio, Inc. tumbled 13.5% Friday after the company issued below-par guidance for the September quarter. Undeterred by the plunge, Cathie Wood -owned Ark Invest on Friday bought heavily into the stock. The ARK Next Generation Internet ETF purchased 50,407 shares and the ARK Fintech Innovation ETF added 32,028 shares.
One of the favorite stocks of Cathie Wood and Ark Funds is Roku Inc. Here's what Wood had to say this weekend about the streaming hardware and platform company. What Happened: Roku shares were down 23% on Friday after a second quarter earnings report that saw revenue and earnings per share both miss Street estimates.
Virtual healthcare provider Teladoc Health has been a favorite stock pick of Cathie Wood, CEO of Ark Invest. What Happened: Shares of Teladoc Health fell Thursday after second quarter results. Investors were unimpressed with the company's forward guidance and sent shares down after the report.
Ark Funds CEO Cathie Wood has been known to make some highly criticized forward-looking predictions. Here's a look at how much an investment could be worth in the future if their price targets are hit. What Happened: "We are very optimistic about Bitcoin in particular," Wood said last year, giving the crypto a price target of $400,000.
Shares of streaming device maker Roku, Inc. plunged over 23% Friday before settling at their lowest level in early-2019. What Happened: Ark, through its flagship ARK Innovation ETF , ARK Next Generation Internet ETF , and ARK Fintech Innovation ETF, bought 469,303 shares of Roku, valued at $30.8 million. As of July 29, Roku accounted for 7.7% of ARKK, 8.38% of ARKW, and less than 1% of ARKF.
Cathie Wood-led Ark Investment Management on Thursday bought the dip in shares of telehealth services provider Teladoc Health, Inc. . Teladoc is a component in Ark's four ETFs, namely its flagship ARK Innovation ETF , the ARK Next Generation Internet ETF , the ARK Fintech Innovation ETF, and the ARK Genomic Revolution ETF . Ark, through the four ETFs, bought 407,800 shares of Teladoc, valued at...
Popular stock picker Cathie Wood's Ark Invest bought more shares in Nvidia Inc on Monday, the third time since its re-entry into the graphics chipmaker's stock late in May. St. Petersburg, California-based Ark Invest scooped up 20,593 shares, estimated to be worth $3.86 million, in Nvidia on Monday.
Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc as it scooped up 17,382 shares, estimated to be worth $1.19 million, in the cryptocurrency exchange. Shares of the cryptocurrency exchange platform closed 12.1% lower at $68.6 on Wednesday. Coinbase allows the trading of cryptocurrencies such as Bitcoin, Ethereum and Dogecoin.
Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in Coinbase Global Inc as it continued raising its exposure to the cryptocurrency exchange. Ark Invest bought 127,210 shares -- estimated to be worth $8.88 million-- in Coinbase. Shares of the cryptocurrency exchange platform closed 4% higher at $69.8 on Thursday.
Popular stock picker Cathie Wood's Ark Invest on Thursday initiated a new exposure in Nvidia Inc just seven months after it had exited all of its stake in the graphics chipmaker.
Cathie Wood-led Ark Investment Management scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc and Block Inc on Wednesday. The popular money manager bought 27,170 shares, estimated to be worth $1.82 million, in Coinbase. Shares of the cryptocurrency exchange platform closed 9.47% higher at $67.2 on Wednesday.
Cathie Wood-led Ark Investment Management on Tuesday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 51,049 shares, estimated to be worth $3.13 million, in Coinbase. Shares of the cryptocurrency exchange platform closed 7.2% lower to $61.4 on Tuesday.
Cryptocurrency platform Coinbase Global Inc had one of the biggest public listings of all time when it went public via direct listing in April 2021. What Happened: Coinbase went public on April 14, 2021. Many analysts believed in a long-term success story for Coinbase.
Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc on the day shares of the cryptocurrency exchange crashed after it reported a first-quarter loss and a significant drop in trading volume. St. Petersburg, Florida-based Ark Invest scooped up 546,579 shares, estimated to be worth $29.4 million, in Coinbase.
Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 72,339 shares, estimated to be worth $6.04 million, in Coinbase. Shares of the cryptocurrency exchange platform closed 19.5% to $83.5 on Monday.
Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc , just days after Tesla Inc CEO Elon Musk raised about $7 billion to help fund his $44 billion take-private deal of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 135,163 shares in Twitter, estimated to be worth $6.48 million, as of their last close.
Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in cryptocurrency-linked companies Robinhood Markets Inc, Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 255,670 shares -- estimated to be worth $2.7 million -- in Robinhood.
Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion purchase of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 874,926 shares, estimated to be worth $44 million, held in the social media company.
Cathie Wood-led Ark Investment Management lowered exposure to Tesla Inc on Wednesday when its stock fell in regular trading hours and piled up more shares in the cryptocurrency-linked fintech Coinbase Global Inc on the dip. The popular money managing firm sold 67,884 shares, estimated to be worth $66.3 million, in the Elon Musk-led electric vehicle company.
Cathie Wood-led Ark Investment Management on Tuesday sharply trimmed its Twitter Inc stake as the microblogging site faces buyout bids from Tesla Inc CEO Elon Musk and other private equity firms. The St. Petersburg, Florida-based money managing firm sold 114,576 shares, estimated to be worth $5.28 million, in the social media company.
Ark Invest, the fund run by Cathie Wood, has been gradually trimming its position in Twitter, Inc. since the start of the year. What Happened: Ark Invest has been scaling back its Twitter holdings ever since co-founder Jack Dorsey gave up the role of CEO, Wood said in an interview with CNBC.
Cathie Wood's Ark Investment Management on Monday lowered its exposure to Twitter Inc, a day after billionaire entrepreneur and Tesla Inc CEO Elon Musk decided not to join the microblogging company's board. Ark Investment sold 185,900 shares, estimated to be worth $8.74 million, in the social media company. Twitter stock closed 1.7% higher at $47 a share on Monday and is up 10.2% so far this year.
Coinbase launched a liquid staking product, cbETH, on August 24. Similar to Lido’s liquid staked ether, stETH, cbETH creates a tokenized deposit that offers redemption rights to the ether staked on its platform.
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Commentary
ARK Alters Management on Passive ETF Lineup
ETF Database - 09/19/2022ARK Invest has shaken up the management of its passive ETF offerings by removing CIO Cathie Woods from the day-to-day management of the funds.
Coinbase Launched a Liquid Staking Product
ETF Database - 09/09/2022Coinbase launched a liquid staking product, cbETH, on August 24. Similar to Lido’s liquid staked ether, stETH, cbETH creates a tokenized deposit that offers redemption rights to the ether staked on its platform.
ARKF Holding Bill.com Pushed by Strong Earnings Report
ETF Database - 08/22/2022ARKF Leading in 1-Month Returns
ETF Database - 08/19/2022Shares of Coinbase Rebound Following Earnings Miss
ETF Database - 08/11/2022As Inflation Concerns Lessen, Growth Stocks Rebound
ETF Database - 07/22/2022ARK to Close CTRU, a Passive Transparency ETF
ETF Database - 07/20/2022Looking Under the Hood of ARKF
ETF Database - 07/15/2022ARK Expects Digital Wallets Will Integrate BNPL
ETF Database - 07/12/2022