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Cathie Sells Another $22M Worth Of Shares In Tesla On Tuesday

Benzinga2021-12-29

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% lower at $1,088.47 a share on Tuesday. The stock is up over 49% year-to-date though most of that surge has been seen in the past few months.

The St. Petersburg, Florida-based Ark Invest on Tuesday sold Tesla shares via the Ark Innovation ETF, the Ark Next Generation Internet ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ).

The popular money managing firm counts Tesla as its largest holding, a stock it predicts would hit the$3,000 mark by the end of 2025. Ark Invest owns shares worth billions in the company via its exchange-traded funds.

The three ETFs held 1.84 million shares worth about $2.01 billion in Tesla ahead of Tuesday’s trade.

Ark also bought 151,508 shares — estimated to be worth $4.13 million – in DraftKings Inc on the dip on Tuesday. The DKNG stock closed 3.12% lower at $27.32 a share on Tuesday.

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  • q14n
    ·2021-12-29
    Nice
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  • catking81
    ·2021-12-29
    Why draft king keep drop?
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    收起
    • McGreedy
      k
      2021-12-29
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    • FlorCheah
      hopefully it will rise soon
      2021-12-29
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    • sh99
      jc
      2021-12-29
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