Cathie Wood's ARK sold Tesla to buy Zoom after earnings
Cathie Wood's ARK funds sold Tesla $$ to increase their stake in Zoom Video Communications after the poorly received results by the video communications company. In the flagship Ark Innovation ETF $$, the fund sold $136 million of Tesla shares while buying $112 million of Zoom. In the $ARK Next Generation Internet ETF$ , the fund sold $23 million of Tesla to buy $22 million of Zoom.
After-Hours Stock Movers: NVIDIA, Sonos, Victoria's Secret and more
$Victoria's Secret & Co. $ 11% HIGHER; reported Q3 EPS of $0.81, $0.10 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.46 billion. Victoria's Secret & Co. sees Q4 2021 EPS of $2.35-$2.65, versus the consensus of $2.80. sales to be in the range of flat to up 3% versus last year’s fourth quarter sales of $2.100 billion. $Cisco Systems $ 6% LOWER; reported Q1 EPS of $0.82, in-line with the analyst estimate of $0.82. Rev