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Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.

Tiger Newspress2021-09-01

Zoom shares rose nearly 3% in early trading, as Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom.

Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc, taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand.

Wood's bet on Zoom and other pandemic winners such as online healthcare service provider Teladoc Health Inc had helped her ARK Innovation's portfolio outperform all other U.S. equity funds in 2020, although the fund has lagged this year.

Asset manager Ark Invest said it added about $45.5 million shares of Zoom to the flagship ARK Innovation ETF and about $11 million in the ARK Next Generation Internet ETF .

The video conferencing company issued a dour forecast of 31% rise in third-quarter revenue compared with the multiple-fold growth rates seen last year amid remote work and schooling.

Its shares have nearly halved in value compared to their peak in October last year as the pandemic-boom started to fade. Meanwhile, the $25.5 billion ARKK is down about 2% for the year, clawing back from losses of about 22%.

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评论33

  • PhilipGoh
    ·2021-09-02
    [微笑] [微笑] [微笑] 
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  • J355
    ·2021-09-02
    [Miser] 
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  • meowmeow88
    ·2021-09-02
    the hype like over. the day ended flat
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  • 来人
    ·2021-09-02
    Up up up😁
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  • Barbarazhao
    ·2021-09-02
    Zoom still have space to expand
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  • Tyliew
    ·2021-09-02
    [暗中观察] 
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  • Jameslky1
    ·2021-09-01
    Buy or not?
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    收起
    • 手可摘棉花
      AUntie woods investmentS has Been disappointing lately, Maynot be wise to follow blondly
      2021-09-02
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  • woonws
    ·2021-09-01
    Buying cheap? But is it still worth buying? No doubt Zoom is here to stay, but the strong days may be over?
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  • MarvZanoria
    ·2021-09-01
    Interesting!
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  • 68fc893
    ·2021-09-01
    Buy tech
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  • SanWangtikup
    ·2021-09-01
    Good 
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    收起
    • 68fc893
      .
      2021-09-01
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  • yl2021
    ·2021-09-01
    Like & comment
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    收起
    • thugwin
      done
      2021-09-02
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  • 爱睡的雇主
    ·2021-09-01
    [What] 
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  • Jayden_Mok
    ·2021-09-01
    Pure tech play
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    • yl2021
      good
      2021-09-01
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    • PS153
      good
      2021-09-01
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  • HENRYCSC
    ·2021-09-01
    👍 
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    收起
  • Aaron133
    ·2021-09-01
    Tada!
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  • W00dy
    ·2021-09-01
    Good read, like pls. Thanks
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  • Lucky03
    ·2021-09-01
    Like please
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  • Lucky03
    ·2021-09-01
    It just zoom!
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    收起
    • Tchua
      Long
      2021-09-01
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    • Charlene_Wee
      zoom
      2021-09-01
      回复
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  • Unicorn82
    ·2021-09-01
    Higher higher higher!
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    收起
    • Unicorn82
      Good Luck
      2021-09-01
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