On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc (NYSE:SHOP) and Reddit Inc (NYSE:RDDT), and the selling off of Coinbase Global Inc (NASDAQ:COIN) shares.
The Shopify Trade
Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF), ARK Innovation ETF (NYSE:ARKK), and ARK Next Generation Internet ETF (NYSE:ARKW) bought a combined total of 482,042 shares of Shopify. The trade was valued at $30.24 million. For the day, Shopify shares plunged 18.59% to $62.73 in the regular session.
This move came despite the company’s stock plunging after it reported its quarterly results. According to a Benzinga report, Shopify’s revenue grew by 23% year-over-year to $1.86 billion, beating the consensus estimate of $1.845 billion. However, the company reported a loss of $(273) million after a profit of $68 million a year ago.
The Reddit Trade
Ark Invest’s ETFs ARKF and ARKW also bought a combined total of 115,394 shares of Reddit. The transaction amounted to $5.93 million. On Wednesday, Reddit shares closed …
Full story available on Benzinga.com
On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc (NYSE:SHOP) and Reddit Inc (NYSE:RDDT), and the selling off of Coinbase Global Inc (NASDAQ:COIN) shares.
The Shopify Trade
Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF), ARK Innovation ETF (NYSE:ARKK), and ARK Next Generation Internet ETF (NYSE:ARKW) bought a combined total of 482,042 shares of Shopify. The trade was valued at $30.24 million. For the day, Shopify shares plunged 18.59% to $62.73 in the regular session.
This move came despite the company’s stock plunging after it reported its quarterly results. According to a Benzinga report, Shopify’s revenue grew by 23% year-over-year to $1.86 billion, beating the consensus estimate of $1.845 billion. However, the company reported a loss of $(273) million after a profit of $68 million a year ago.
The Reddit Trade
Ark Invest’s ETFs ARKF and ARKW also bought a combined total of 115,394 shares of Reddit. The transaction amounted to $5.93 million. On Wednesday, Reddit shares closed …
Full story available on Benzinga.com
On Wednesday, Cathie Wood’s Ark Invest made some significant trades. The most prominent among these were the purchases of Shopify Inc (NYSE:SHOP) and Reddit Inc (NYSE:RDDT), and the selling off of Coinbase Global Inc (NASDAQ:COIN) shares.
The Shopify Trade
Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF), ARK Innovation ETF (NYSE:ARKK), and ARK Next Generation Internet ETF (NYSE:ARKW) bought a combined total of 482,042 shares of Shopify. The trade was valued at $30.24 million. For the day, Shopify shares plunged 18.59% to $62.73 in the regular session.
This move came despite the company’s stock plunging after it reported its quarterly results. According to a Benzinga report, Shopify’s revenue grew by 23% year-over-year to $1.86 billion, beating the consensus estimate of $1.845 billion. However, the company reported a loss of $(273) million after a profit of $68 million a year ago.
The Reddit Trade
Ark Invest’s ETFs ARKF and ARKW also bought a combined total of 115,394 shares of Reddit. The transaction amounted to $5.93 million. On Wednesday, Reddit shares closed …Full story available on Benzinga.com Read More$BTC, ARK Invest, ARK Invest ETFs, Ark Invest Management, ARKF, ARKK, ARKW, AVAV, Bitcoin, Cathie Wood, COIN, Coinbase, DKNG, ecommerce, Equities, GLBE, News, RDDT, Reddit, RKLB, Shivdeep Dhaliwal, SHOP, Shopify, social media, STNE, TWLO, TWOU, TWST, Markets, ETFs, RDDT, AVAV, US0080731088, COIN, US21254S1078, TWOU, ARKW, ARKK, SHOP, TWLO, TWST, STNE, ARKF, $BTC, DKNG, GLBE, RKLB, News, Equities, Markets, ETFs, Benzinga Markets
