Cathie Wood's Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings

Benzinga07-23

On Monday, Cathie Wood-led Ark Invest made significant trades involving CrowdStrike Holdings, Inc. and Tesla Motors, despite the turbulent market conditions surrounding these companies.The ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • RUW
    07-23
    RUW
    This seems some buddies jumping in to stop bleeding of CS. It doesn't make sense at all. This is not an industry wide negative sentiment or a small price drop. CS was pushing untested updates to 8 million+ systems. That is the biggest sin you can commit as a software vendor. Not they got exposed for their bad practices. Loss of revenue is inevitable for next 1-2 years. I don't think a fund manager would expose their stakeholders such a risk for two years.[Facepalm]  
  • Guavaxf30
    07-23
    Guavaxf30
    Someone please explain this to a simple trader. "Ark Invest has been selling Tesla shares in recent sessions, despite Wood’s optimistic outlook on the company’s potential in the autonomous taxi sector. Wood has a $2,600 target for the EV maker. Tesla is set to report second-quarter earnings on Tuesday." Why sell when you are bullish on the stock? This is the third or fourth time a sale has been executed by Ark on Tesla this month. Unless you know something we don't and your bull target of $2,600 is so suckers like us will buy what you are dumping?
    • SPACE ROCKETReplyGuavaxf30: 
      Yeah. It's a tough biz for TSLA clearly. And most other EV companies. TSLA's previous quarter results were horrible too, but stocks rose then because Elon fooled everyone into thinking robotaxis would be launched soon. And look what happened now? They have been postponed, yet again. 🙄
    • Guavaxf30: 
      Ya. You are right. The quarterly results were horrible. Clearly Katie saw this coming and went exit stage left….
    • SPACE ROCKET: 
      Cause she knows TSLA would likely post lacklustre results and its stocks would drop. So she rather create cash at its peak or she may have to wait a long time for TSLA to hit this price again.
    • Guavaxf30: 
      Could this be the reason? Tesla sales continue to slow down. Earlier in California, now this latest report on Chinese EV registration .


      Tesla (NASDAQ: TSLA) had 10,500 insurance registrations in China last week, down 7.89 percent from 11,400 the week before.
  • romanc9
    07-23
    romanc9
    Sell some stocks that is in the profit and buy some that is beaten down. Still have alot holding on to. So don't think is a big deal.
  • valentia
    07-23
    valentia
    I probably would enter at $200... possible to hit this price in the next few days?
Leave a comment
4
5