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2021-10-05

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Cathie Wood Sells Another $112M In Tesla And Buys These Stocks Instead

Cathie Wood-led Ark Invest further trimmed its Tesla Inc on Monday. The popular asset management fir

Cathie Wood Sells Another $112M In Tesla And Buys These Stocks Instead

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On a YTD basis, Tesla shares have risen about 7.1% as of Monday’s close.\nWood’s firm holds large bets in Tesla, which it predicts will hit the$3,000 mark at the end of 2025.\nEach of the three ETFs count Tesla as their largest exposure and held a total of 3.60 million shares — worth $2.79 billion — in the electric vehicle company, ahead of Monday’s trade.\nArk Invest continues to have over 10% exposure to Tesla in each of its three active exchange-traded funds.\nHere are some of the other key trades for Ark on Monday:\n\nBought 167,251 shares — estimated to be worth $9.76 million — in Twitter Inc , on the day shares of the Jack Dorsey-led social media company closed 5.79% lower at $58.39 a share.\nBought 54,625 shares — estimated to be worth $12.52 million — in Coinbase Global Inc shares closed 0.80% lower at $229.31 on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1034,"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":22,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Cathie Wood Sells Another $112M In Tesla And Buys These Stocks Instead

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