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2021-11-24

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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.

Cathie Wood's ARK sold Tesla to buy Zoom after earnings

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