Alykrunch
2021-11-11
Good notes. Buy the lows
Cathie Wood Rushes To Lower Exposure In Zillow — Also Trims Tesla Stake And Buys These Stocks On Wednesday
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Buy the lows","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/870931224","repostId":1198107375,"repostType":2,"repost":{"id":"1198107375","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1636010650,"share":"https://www.laohu8.com/m/news/1198107375?lang=&edition=full","pubTime":"2021-11-04 15:24","market":"us","language":"en","title":"Cathie Wood Rushes To Lower Exposure In Zillow — Also Trims Tesla Stake And Buys These Stocks On Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1198107375","media":"Benzinga","summary":"Cathie Wood’s investment management firm Ark Invest on Wednesday significantly lowered its exposure ","content":"<p><b>Cathie Wood</b>’s investment management firm <b>Ark Invest</b> on Wednesday significantly lowered its exposure in <b>ZillowGroup Class C</b> as the stock sank after the company reported a third-quarter loss and said it would be winding down its home buying business.</p>\n<p>The popular money managing firm sold 3.9 million shares — estimated to be worth $256.9 million — in the online real estate marketplace company.</p>\n<p>Zillow Class C shares closed 25% lower at $65.47 a share on Wednesday. The stock is down about 50% so far this year.</p>\n<p>The company said it plans to wind down its home buying unit, Offers. Zillow said it would also cut 25% of its workforce.</p>\n<p>Just weeks after Zillow announced it would be pausing its iBuying of U.S. houses — Bloomberg reported this week that Zillow has actually sold 7,000 homes from its inventory.</p>\n<p>Ark Invest deployed three of its active ETFs to sell the shares in Zillow. These are the <b>Ark Innovation ETF</b>, the <b>Ark Next Generation Internet ETF</b> and the <b>Ark Fintech Innovation ETF</b>.</p>\n<p>The three ETFs held 10.59 million shares — estimated to be worth $924 million — in Zillow, ahead of Wednesday’s trade. Ark Invest had piled up shares in Zillow ahead of the company’s third quarter results on Wednesday.</p>\n<p>Here are a few other key Ark Invest trades from Wednesday:</p>\n<ul>\n <li>Bought 226,377 shares — estimated to be worth $64.7 million — in <b>Zoom Video Communications Inc</b> on Tuesday. Shares of the company closed 1.92% higher at $285.66 a share.</li>\n <li>Sold 17,787 shares — estimated to be worth $21.59 million — in <b>Tesla Inc</b>. Including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September. Shares closed 3.57% higher at $1,213.86 a share.</li>\n <li>Bought 722,344 shares — estimated to be worth $26.75 million — in <b>RobinhoodMarkets Inc</b> on the day shares closed 5.86% higher at $37.04 a share.</li>\n <li>Bought 193,482 shares — estimated to be worth $9 million — in <b>Draftkings Inc</b>. The stock closed 1.6% lower at $46.84 a share.</li>\n</ul>","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 Rushes To Lower Exposure In Zillow — Also Trims Tesla Stake And Buys These Stocks On Wednesday</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; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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 Rushes To Lower Exposure In Zillow — Also Trims Tesla Stake And Buys These Stocks On Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-11-04 15:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Cathie Wood</b>’s investment management firm <b>Ark Invest</b> on Wednesday significantly lowered its exposure in <b>ZillowGroup Class C</b> as the stock sank after the company reported a third-quarter loss and said it would be winding down its home buying business.</p>\n<p>The popular money managing firm sold 3.9 million shares — estimated to be worth $256.9 million — in the online real estate marketplace company.</p>\n<p>Zillow Class C shares closed 25% lower at $65.47 a share on Wednesday. The stock is down about 50% so far this year.</p>\n<p>The company said it plans to wind down its home buying unit, Offers. Zillow said it would also cut 25% of its workforce.</p>\n<p>Just weeks after Zillow announced it would be pausing its iBuying of U.S. houses — Bloomberg reported this week that Zillow has actually sold 7,000 homes from its inventory.</p>\n<p>Ark Invest deployed three of its active ETFs to sell the shares in Zillow. These are the <b>Ark Innovation ETF</b>, the <b>Ark Next Generation Internet ETF</b> and the <b>Ark Fintech Innovation ETF</b>.</p>\n<p>The three ETFs held 10.59 million shares — estimated to be worth $924 million — in Zillow, ahead of Wednesday’s trade. Ark Invest had piled up shares in Zillow ahead of the company’s third quarter results on Wednesday.</p>\n<p>Here are a few other key Ark Invest trades from Wednesday:</p>\n<ul>\n <li>Bought 226,377 shares — estimated to be worth $64.7 million — in <b>Zoom Video Communications Inc</b> on Tuesday. Shares of the company closed 1.92% higher at $285.66 a share.</li>\n <li>Sold 17,787 shares — estimated to be worth $21.59 million — in <b>Tesla Inc</b>. Including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September. Shares closed 3.57% higher at $1,213.86 a share.</li>\n <li>Bought 722,344 shares — estimated to be worth $26.75 million — in <b>RobinhoodMarkets Inc</b> on the day shares closed 5.86% higher at $37.04 a share.</li>\n <li>Bought 193,482 shares — estimated to be worth $9 million — in <b>Draftkings Inc</b>. The stock closed 1.6% lower at $46.84 a share.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF","Z":"Zillow","TSLA":"特斯拉","DKNG":"DraftKings Inc.","HOOD":"Robinhood"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198107375","content_text":"Cathie Wood’s investment management firm Ark Invest on Wednesday significantly lowered its exposure in ZillowGroup Class C as the stock sank after the company reported a third-quarter loss and said it would be winding down its home buying business.\nThe popular money managing firm sold 3.9 million shares — estimated to be worth $256.9 million — in the online real estate marketplace company.\nZillow Class C shares closed 25% lower at $65.47 a share on Wednesday. The stock is down about 50% so far this year.\nThe company said it plans to wind down its home buying unit, Offers. Zillow said it would also cut 25% of its workforce.\nJust weeks after Zillow announced it would be pausing its iBuying of U.S. houses — Bloomberg reported this week that Zillow has actually sold 7,000 homes from its inventory.\nArk Invest deployed three of its active ETFs to sell the shares in Zillow. These are the Ark Innovation ETF, the Ark Next Generation Internet ETF and the Ark Fintech Innovation ETF.\nThe three ETFs held 10.59 million shares — estimated to be worth $924 million — in Zillow, ahead of Wednesday’s trade. Ark Invest had piled up shares in Zillow ahead of the company’s third quarter results on Wednesday.\nHere are a few other key Ark Invest trades from Wednesday:\n\nBought 226,377 shares — estimated to be worth $64.7 million — in Zoom Video Communications Inc on Tuesday. Shares of the company closed 1.92% higher at $285.66 a share.\nSold 17,787 shares — estimated to be worth $21.59 million — in Tesla Inc. Including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September. Shares closed 3.57% higher at $1,213.86 a share.\nBought 722,344 shares — estimated to be worth $26.75 million — in RobinhoodMarkets Inc on the day shares closed 5.86% higher at $37.04 a share.\nBought 193,482 shares — estimated to be worth $9 million — in Draftkings Inc. The stock closed 1.6% lower at $46.84 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/870931224"}
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