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2021-08-18

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Cathie Wood's Ark Adds Another $29M To Palantir Stake After Q2 Earnings Beat, Buys DraftKings On Dip

Cathie Wood-led Ark Invest on Friday snapped up 1.156 million shares — estimated to be worth about $

Cathie Wood's Ark Adds Another $29M To Palantir Stake After Q2 Earnings Beat, Buys DraftKings On Dip

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Adds Another $29M To Palantir Stake After Q2 Earnings Beat, Buys DraftKings On Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-08-16 13:15\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\nCathie Wood-led Ark Invest on Friday snapped up 1.156 million shares — estimated to be worth about $28.78 million — in&nbsp;Palantir Technologies Inc.\nPalantir shares closed marginally higher at $24.90 on Friday, just a day after they soared more than 11% as the&nbsp;Peter Thiel-co-founded&nbsp;data analytics firm beat Wall Street expectations for the second quarter earnings and gave an upbeat guidance for the current quarter.\nThe New York-based investment firm owns Palantir via all of its six active exchange traded funds but deployed&nbsp;Ark Innovation ETF&nbsp;on Friday to buy shares in Palantir.\nThe latest buy lifted the consolidated position via the six ETFs to 32 million Palantir shares, worth $798.48 million, as of Friday’s trades.\nThe popular investment firm best known for bets in&nbsp;Tesla Inc&nbsp;also snapped up 10,996 shares — estimated to be worth about $588,286 — in&nbsp;DraftKings Inc&nbsp;on the dip.\nDraftKings shares closed 2.03% to $53.50 on Friday.\nArk Invest investment deployed&nbsp;Ark Fintech Innovation ETF&nbsp;to buy shares in DraftKings on Friday but also owns positions in the online sports betting company via ARKK and the&nbsp;Ark Next Generation Internet ETF.\nThe three ETFs held 13.89 million shares, estimated to be worth $758.82 million, in DraftKings, as of Friday’s trades.\nSome of the other key Ark sells on Friday included&nbsp;Seer Inc, which it bought via the&nbsp;Ark Genomic Revolution ETF&nbsp;and buys included&nbsp;Markforged Holding Corp&nbsp;the&nbsp;Ark Autonomous Technology &amp; Robotics ETF.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKF":"ARK Fintech Innovation ETF","PLTR":"Palantir Technologies Inc.","ARKK":"ARK Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143572790","content_text":"Cathie Wood-led Ark Invest on Friday snapped up 1.156 million shares — estimated to be worth about $28.78 million — in Palantir Technologies Inc.\nPalantir shares closed marginally higher at $24.90 on Friday, just a day after they soared more than 11% as the Peter Thiel-co-founded data analytics firm beat Wall Street expectations for the second quarter earnings and gave an upbeat guidance for the current quarter.\nThe New York-based investment firm owns Palantir via all of its six active exchange traded funds but deployed Ark Innovation ETF on Friday to buy shares in Palantir.\nThe latest buy lifted the consolidated position via the six ETFs to 32 million Palantir shares, worth $798.48 million, as of Friday’s trades.\nThe popular investment firm best known for bets in Tesla Inc also snapped up 10,996 shares — estimated to be worth about $588,286 — in DraftKings Inc on the dip.\nDraftKings shares closed 2.03% to $53.50 on Friday.\nArk Invest investment deployed Ark Fintech Innovation ETF to buy shares in DraftKings on Friday but also owns positions in the online sports betting company via ARKK and the Ark Next Generation Internet ETF.\nThe three ETFs held 13.89 million shares, estimated to be worth $758.82 million, in DraftKings, as of Friday’s trades.\nSome of the other key Ark sells on Friday included Seer Inc, which it bought via the Ark Genomic Revolution ETF and buys included Markforged Holding Corp the Ark Autonomous Technology & Robotics ETF.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Cathie Wood's Ark Adds Another $29M To Palantir Stake After Q2 Earnings Beat, Buys DraftKings On Dip

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