Cathie Wood-led Ark Investment Management on Thursday snapped up 1.2 million shares of the mobile gaming companySkillz Inc(NYSE:SKLZ), its biggest trade of the day among a total of two dozen stocks that it bought and sold during the day.
The investment firm deployed theArk Innovation ETF(NYSE:ARKK) to buy 1,222,207, shares estimated to be worth about $20 million based on Skillz Thursday close of $16.57.
The shares of the company, which was Benzinga’s “Prep Stock Of The Day” on Thursday, closed 1.13% lower on Thursday but were up 7.24% in the after-hours.
Skillz shares reached their all-time high of $46.30 on Feb. 10 but have been since on a downturn amid short-seller allegations. This week the stock made a breakaway signaling a bottom may have been found.
Two of the New York-based investment firm’s flagship funds bought 250,471 shares, in total, of the cryptocurrency exchangeCoinbase Global Inc(NASDAQ:COIN), worth about $7.35 million on Thursday’s dip.
Coinbase shares have been falling since its blockbuster debut a week ago and have come below the $300 levels after touching its all-time high of $429.54. Shares fell 5.92% to $293.45 on Thursday and were further down 1.69% in extended hours.
ARKK bought 195,097 COIN shares representing about 0.25% of the ETF. The ArkNext Generation Internet ETF(NYSE:ARKW) bought 55,374 COIN shares representing about 0.24% of the ETF.
The investment firm also sold 401,748 shares of the payments companySquare Inc(NYSE:SQ), estimated to be worth $98.45 million as per Thursday’s close price.
Square is among Ark’s top three holdings.
ARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.
The investment firm’s ARKW ETF sold 43,300 shares of the online signature services companyDocusign Inc(NASDAQ:DOCU), representing 0.14% of the ETF worth about $9.5 million as of its Thursday’s close.
ARKW sold 7,200 shares of the online payment companyPayPal Inc(NASDAQ:PYPL), representing about 0.03% of the ETF.
PayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.
Other Ark Buys On Thursday:
- Recursion Pharmaceuticals(NASDAQ:RXRX)
- Ionis Pharmaceuticals(NASDAQ:IONS)
- 908 Devices(NASDAQ:MASS)
- Iridium Communications(NASDAQ:IRDM)
- DraftKings(NASDAQ:DKNG)
- Beam Therapeutics(NASDAQ:BEAM)
- Jaws Spitfire Acquisition(NYSE:SPFR)
- Niu Technologies(NASDAQ:NIU)
- 3D Systems(NYSE:DDD)
- Tencent(OTC:TCEHY)
- Pinduoduo(NASDAQ:PDD)
- Okta(NASDAQ:OKTA)
Other Ark Sells On Friday:
- LendingTree(NASDAQ:TREE)
- Phreesia(NYSE:PHR)
- Pluristem Therapeutics(NASDAQ:PSTI)
- SyrosPharmaceuticals(NASDAQ:SYRS)
- Thermo FIsher Scientific(NYSE:TMO)
- PACCAR(NASDAQ:PCAR)
- Roku(NASDAQ:ROKU)
- Nvidia(NASDAQ:NVDA)
- HubSpot(NYSE:HUBS)
- Pure Storage Inc(NYSE:PSTG)
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