Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares—estimated to be worth $22.3 million—in Tesla Inc. Tesla shares closed 0.5 percent lower at $1,088.47 a share on Tuesday. The stock is up over 49 percent year-to-date though most of that surge has been seen in the past few months. The St. Petersburg, Florida-based Ark…
Cathie Sells Another $22 Million Worth of Shares in Tesla on Tuesday
Wood’s Flagship ARK Fund Deep in the Red, yet Investors Stay Loyal
NEW YORK—One year after her Ark Innovation ETF than doubled and made her a household name, star stock picker Cathie Wood is poised to join a small club that no one aspires to be a part of: portfolio managers who have seen their funds go from first to worst in the span of 12 months….
Cathie Wood Backs Elon Musk’s Stock Sales, Says Tesla Selloff ‘Nothing but a Blip,’ Wouldn’t Buy Rivian at Current Levels
Tesla Inc. bull Cathie Wood on Wednesday reiterated her $3,000 price target for the electric vehicle stock for 2025, dubbing the the recent selloff as “nothing but a blip” and said wouldn’t buy just-listed Rivian Autoimotive Inc. What Happened Tesla shares have retreated 13.4 percent in the past five days after CEO Elon Musk’s Twitter…
GameStop COO, Dogelon Mars Surge, Snowden on Shiba Inu, J&J Settlement, Cathie Wood’s FB Bet: 5 Headlines You May Have Missed From This Weekend
Here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Johnson & Johnson Settles Risperdal Lawsuits Johnson & Johnson (J&J) said it has settled most of the 9,000 lawsuits it faced over its anti-psychotic drug…
ARK Invest’s Wood Warns Upcoming Economic Downturn in China ‘Obvious’
October 13, 2021
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NEW YORK—An economic slowdown in China could ripple through the global economy and weigh on commodity prices and growth, star stock picker Cathie Wood of ARK Invest warned in a webinar on Tuesday. Wood, whose flagship $19.7 billion Ark Innovation fund was the top-performing U.S. equity fund in 2020, said that China’s recent steps to…
Surging Treasury Yields Batter Amid Broad Tech Selloff
NEW YORK—A broad selloff in technology and growth names battered the flagship fund of star stock picker Cathie Wood’s ARK Invest, as investors shifted away from tech shares amid a sharp rise in Treasury yields. The ARK Innovation ETF, which had $21.4 billion in assets as of last week, according to Refinitiv, fell 4.2 percent…
ARK’s Cathie Wood Says Wall Street Not in a Bubble
September 23, 2021
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Star stock picker Cathie Wood, head of ARK Invest, on Wednesday said she believed the U.S. stock market is not overvalued, and she talked up Tesla, her largest holding. “We are not in a bubble, that I know,” Wood said, speaking virtually at a Morningstar investment conference. “But I do believe the market is beginning…
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