Cathie Wood's Ark Invest Doubles Down On Palantir Amid Correction, Scoops Up Over $27M Worth Of Stock

Benzinga2023-12-07

In a significant move on Wednesday, Cathie Wood-led Ark Invest made a notable trade by purchasing over $27 million worth of shares in Palantir Technologies Inc. This decision comes amidst a period of ...

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This decision comes amidst a period of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/23/12/36127605/cathie-woods-ark-invest-doubles-down-on-palantir-amid-correction-scoops-up-over-27m-worth-of-sto\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/23/12/36127605/cathie-woods-ark-invest-doubles-down-on-palantir-amid-correction-scoops-up-over-27m-worth-of-sto","article_id":"1122954791","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122954791","pubTimestamp":1701932502,"columns":[],"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"In a significant move on Wednesday, Cathie Wood-led Ark Invest made a notable trade by purchasing over $27 million worth of shares in Palantir Technologies Inc. This decision comes amidst a period of ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc.","TOST":"Toast, Inc.","PATH":"UiPath","COIN":"Coinbase Global, Inc."},"translate_title":"Cathie Wood的Ark Invest在调整中加倍押注Palantir，买入价值超过2700万美元的股票","themeId":"b450f1d4aa0246ad9fdbfc0fc150ccb7","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.1,"PATH":1.1,"PLTR":1.1,"TOST":1.1},"content_text":"In a significant move on Wednesday, Cathie Wood-led Ark Invest made a notable trade by purchasing over $27 million worth of shares in Palantir Technologies Inc. This decision comes amidst a period of fluctuating performance for Palantir, drawing considerable attention in the investment community.The Palantir TradeArk purchased a total of 1,578,738 Palantir shares through ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF. The transaction was valued at $27.04 million. Palantir shares closed nearly 6.4% lower at $17.13 on Wednesday.Ark Invest’s acquisition of Palantir shares signals a strong vote of confidence in the data analytics company. This move aligns with Wood’s history of investing in disruptive technologies, as highlighted in a recent Benzinga article. 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