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Cathie Wood's Ark Loads Up Another 1.2 Million Shares In Skillz, Also Adds Coinbase, DraftKings

Benzinga2021-04-23

Cathie Wood-led Ark Investment Management on Thursday snapped up 1.2 million shares of the mobile gaming companySkillz Inc(NYSE:SKLZ), its biggest trade of the day among a total of two dozen stocks that it bought and sold during the day.

The investment firm deployed theArk Innovation ETF(NYSE:ARKK) to buy 1,222,207, shares estimated to be worth about $20 million based on Skillz Thursday close of $16.57.

The shares of the company, which was Benzinga’s “Prep Stock Of The Day” on Thursday, closed 1.13% lower on Thursday but were up 7.24% in the after-hours.

Skillz shares reached their all-time high of $46.30 on Feb. 10 but have been since on a downturn amid short-seller allegations. This week the stock made a breakaway signaling a bottom may have been found.

Two of the New York-based investment firm’s flagship funds bought 250,471 shares, in total, of the cryptocurrency exchangeCoinbase Global Inc(NASDAQ:COIN), worth about $7.35 million on Thursday’s dip.

Coinbase shares have been falling since its blockbuster debut a week ago and have come below the $300 levels after touching its all-time high of $429.54. Shares fell 5.92% to $293.45 on Thursday and were further down 1.69% in extended hours.

ARKK bought 195,097 COIN shares representing about 0.25% of the ETF. The ArkNext Generation Internet ETF(NYSE:ARKW) bought 55,374 COIN shares representing about 0.24% of the ETF.

The investment firm also sold 401,748 shares of the payments companySquare Inc(NYSE:SQ), estimated to be worth $98.45 million as per Thursday’s close price.

Square is among Ark’s top three holdings.

ARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.

The investment firm’s ARKW ETF sold 43,300 shares of the online signature services companyDocusign Inc(NASDAQ:DOCU), representing 0.14% of the ETF worth about $9.5 million as of its Thursday’s close.

ARKW sold 7,200 shares of the online payment companyPayPal Inc(NASDAQ:PYPL), representing about 0.03% of the ETF.

PayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.

Other Ark Buys On Thursday:

  • Recursion Pharmaceuticals(NASDAQ:RXRX)
  • Ionis Pharmaceuticals(NASDAQ:IONS)
  • 908 Devices(NASDAQ:MASS)
  • Iridium Communications(NASDAQ:IRDM)
  • DraftKings(NASDAQ:DKNG)
  • Beam Therapeutics(NASDAQ:BEAM)
  • Jaws Spitfire Acquisition(NYSE:SPFR)
  • Niu Technologies(NASDAQ:NIU)
  • 3D Systems(NYSE:DDD)
  • Tencent(OTC:TCEHY)
  • Pinduoduo(NASDAQ:PDD)
  • Okta(NASDAQ:OKTA)

Other Ark Sells On Friday:

  • LendingTree(NASDAQ:TREE)
  • Phreesia(NYSE:PHR)
  • Pluristem Therapeutics(NASDAQ:PSTI)
  • SyrosPharmaceuticals(NASDAQ:SYRS)
  • Thermo FIsher Scientific(NYSE:TMO)
  • PACCAR(NASDAQ:PCAR)
  • Roku(NASDAQ:ROKU)
  • Nvidia(NASDAQ:NVDA)
  • HubSpot(NYSE:HUBS)
  • Pure Storage Inc(NYSE:PSTG)

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评论8

  • ongmari
    ·2021-04-23
    Slillz!!!
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  • samfernando
    ·2021-04-23
    Capital deployed at interesting names... Invest with Cathie, with your own risk management. ARK is different breed
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  • TaiGerGenie
    ·2021-04-23
    Not sure if I understand these moves. Currently the pivot might not be obvious to retail investors like myself. Hoping there is a silver lining to these moves
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    收起
    • FFX
      soon u will understand
      2021-04-23
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  • LowZackM
    ·2021-04-23
    Nice
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    • Eellen
      Wow
      2021-04-23
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  • JulianAlson
    ·2021-04-23
    Hmm let’s see 
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  • Ancy
    ·2021-04-23
    Up!
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  • VicK
    ·2021-04-23
    Great
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  • 持仓坚赞
    ·2021-04-23
    Will these ARKK stock shine again?
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