Cathie Wood buys $42 million in DraftKings on dip from short-seller report

cnbc2021-06-16

Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock. Wood purchased ...

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精彩评论

Roui
2021-06-22
Roui
Nice
linnhtoo
2021-06-17
linnhtoo
wow
DZJ1976
2021-06-17
DZJ1976
Cathie the Christian unconcerned about potential ethical failures. Its all about the [财迷] [财迷]
Khairul0802
2021-06-17
Khairul0802
Like
Kenww
2021-06-17
Kenww
Up up up and up
IZLIN
2021-06-17
IZLIN
@Meow17 @Sagi08 @simplydkamfollow suit?

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That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161207797,"gmtCreate":1623927127319,"gmtModify":1634025795212,"author":{"id":"3563858582239854","authorId":"3563858582239854","authorIdStr":"3563858582239854","name":"linnhtoo","avatar":"https://static.tigerbbs.com/5fa07b1615c5f0083289d3b389e59373","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563858582239854"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161207797","repostId":1100405031,"repostType":4,"repost":{"id":"1100405031","pubTimestamp":1623848550,"share":"https://www.laohu8.com/m/news/1100405031?lang=&edition=full","pubTime":"2021-06-16 21:02","market":"us","language":"en","title":"Cathie Wood buys $42 million in DraftKings on dip from short-seller report","url":"https://stock-news.laohu8.com/highlight/detail?id=1100405031","media":"cnbc","summary":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company fa","content":"<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood buys $42 million in DraftKings on dip from short-seller report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100405031","content_text":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased 870,299 shares ofDraftKingsin her various funds. That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161979791,"gmtCreate":1623902924513,"gmtModify":1623906198513,"author":{"id":"3577722120895602","authorId":"3577722120895602","authorIdStr":"3577722120895602","name":"DZJ1976","avatar":"https://static.tigerbbs.com/f0cb3bd8146604a31cbb6b27cf53752e","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":1,"crmLevelSwitch":0,"idStr":"3577722120895602"},"htmlText":"Cathie the Christian unconcerned about potential ethical failures. Its all about the&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"Cathie the Christian unconcerned about potential ethical failures. Its all about the&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"Cathie the Christian unconcerned about potential ethical failures. Its all about the [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161979791","repostId":1100405031,"repostType":4,"repost":{"id":"1100405031","pubTimestamp":1623848550,"share":"https://www.laohu8.com/m/news/1100405031?lang=&edition=full","pubTime":"2021-06-16 21:02","market":"us","language":"en","title":"Cathie Wood buys $42 million in DraftKings on dip from short-seller report","url":"https://stock-news.laohu8.com/highlight/detail?id=1100405031","media":"cnbc","summary":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company fa","content":"<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":161924291,"gmtCreate":1623901820213,"gmtModify":1631893294111,"author":{"id":"3573174299397007","authorId":"3573174299397007","authorIdStr":"3573174299397007","name":"Khairul0802","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573174299397007"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161924291","repostId":1100405031,"repostType":4,"repost":{"id":"1100405031","pubTimestamp":1623848550,"share":"https://www.laohu8.com/m/news/1100405031?lang=&edition=full","pubTime":"2021-06-16 21:02","market":"us","language":"en","title":"Cathie Wood buys $42 million in DraftKings on dip from short-seller report","url":"https://stock-news.laohu8.com/highlight/detail?id=1100405031","media":"cnbc","summary":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company fa","content":"<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood buys $42 million in DraftKings on dip from short-seller report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100405031","content_text":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased 870,299 shares ofDraftKingsin her various funds. That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161919451,"gmtCreate":1623900077873,"gmtModify":1634026132290,"author":{"id":"3568928226056730","authorId":"3568928226056730","authorIdStr":"3568928226056730","name":"Kenww","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3568928226056730"},"htmlText":"Up up up and up","listText":"Up up up and up","text":"Up up up and up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161919451","repostId":1100405031,"repostType":4,"repost":{"id":"1100405031","pubTimestamp":1623848550,"share":"https://www.laohu8.com/m/news/1100405031?lang=&edition=full","pubTime":"2021-06-16 21:02","market":"us","language":"en","title":"Cathie Wood buys $42 million in DraftKings on dip from short-seller report","url":"https://stock-news.laohu8.com/highlight/detail?id=1100405031","media":"cnbc","summary":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company fa","content":"<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood buys $42 million in DraftKings on dip from short-seller report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood buys $42 million in DraftKings on dip from short-seller report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100405031","content_text":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased 870,299 shares ofDraftKingsin her various funds. That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163587170,"gmtCreate":1623889089190,"gmtModify":1634026458812,"author":{"id":"3581848609787274","authorId":"3581848609787274","authorIdStr":"3581848609787274","name":"IZLIN","avatar":"https://static.tigerbbs.com/f2241963762942310c858a3aae49c0d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581848609787274"},"htmlText":"<a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a>follow suit?","listText":"<a href=\"https://laohu8.com/U/3581561113691319\">@Meow17</a><a href=\"https://laohu8.com/U/3582026494482473\">@Sagi08</a><a href=\"https://laohu8.com/U/3582502706085184\">@simplydkam</a>follow suit?","text":"@Meow17@Sagi08@simplydkamfollow suit?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163587170","repostId":1100405031,"repostType":4,"repost":{"id":"1100405031","pubTimestamp":1623848550,"share":"https://www.laohu8.com/m/news/1100405031?lang=&edition=full","pubTime":"2021-06-16 21:02","market":"us","language":"en","title":"Cathie Wood buys $42 million in DraftKings on dip from short-seller report","url":"https://stock-news.laohu8.com/highlight/detail?id=1100405031","media":"cnbc","summary":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company fa","content":"<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood buys $42 million in DraftKings on dip from short-seller report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood buys $42 million in DraftKings on dip from short-seller report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.cnbc.com/2021/06/16/cathie-wood-buys-42-million-in-draftkings-on-dip-from-short-seller-report.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1100405031","content_text":"Ark Invest CEO Cathie Wood on Tuesday bought the dip in DraftKings, as the sports-betting company faltered on news that Hindenburg Research hadtaken a short positionagainst the stock.\nWood purchased 870,299 shares ofDraftKingsin her various funds. That position is worth roughly $42.2 million based on the stock’s Tuesday closing price of $48.51.\nAbout 688,700 of the shares were purchased in Wood’s flagship fund,ARK Innovation. DraftKings is now the 17th largest holding in the exchange traded fund, representing about 1.94% of its allocation. Meanwhile, nearly 181,600 shares were purchased inARK Next General Internet ETF.\nShares of DraftKings rose more than 1% in premarket trading on Wednesday.\n\nShares of DraftKings fell about 4.2% on Tuesday after Hindenburgannouncedit was betting the stock would fall. The short-selling firm questioned the company’s promotional spending and future success in the highly competitive sports-gambling landscape.\nThe report also alleges that SBTech, a European technology company that merged with DraftKings as part of a SPAC deal, generates significant revenue from questionable gambling practices in overseas markets, particularly in some Asian markets.\nDraftKings and Diamond Eagle Acquisition Corp. first announced their merger deal in December 2019 and completed the combination in April 2020. Shares of DraftKings are up more than 4% for the year as investors rotated out of growth stocks.\nAfter rising 6% last week, shares of the Ark Innovation ETF are down less than 1% this week.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":70,"commentSize":38,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100405031"}