Cathie Wood Loads Up Over $6.7M In Adobe Stock As It Tumbles 27% In A Month Over Figma Deal

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Cathie Wood Loads Up Over $6.7M In Adobe Stock As It Tumbles 27% In A Month Over Figma Deal

Benzinga2022-10-11

Cathie Wood-led ARK Investment Management bought over 23,000 shares of software maker Adobe Inc through the ARK Next Generation Internet ETF, estimated to be valued at over $6.7 million based on ...

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n86887
·2022-10-11
Huh
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Andrewinho
·2022-10-11
😱😱😱
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- Choonhowe:
  Ok
  2022-10-11
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RieslingHawk
·2022-10-11
Bagholder Cathie at it again, bringing the entire ARK gamblers into poverty.
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In the last month, shares of the company have lost over 27%.“Figma’s web-based, multi-player capabilities will accelerate the delivery of Adobe’s Creative Cloud technologies on the web, making the creative process more productive and accessible to more people,” Adobe had said.Adobe explained that Figma has a total addressable market of $16.5 billion by 2025 and added that the company is expected to add approximately $200 million in net new ARR this year, surpassing $400 million in total ARR exiting 2022. The transaction is expected to close in 2023.Ratings: On Sept. 19, Wells Fargo downgraded the stock from ‘Overweight’ to ‘Equal-Weight’ while slashing the price target to $310 from $425.Other Purchase: Wood also bought over 125,000 shares of Nurix Therapeutics Inc valued at over $1.3 million based on Monday’s closing price through the ARK Genomic Revolution ETF.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9917864596,"gmtCreate":1665477277715,"gmtModify":1676537613447,"author":{"id":"4110119270548472","authorId":"4110119270548472","name":"n86887","avatar":"https://community-static.tradeup.com/news/c510165e512da25b8a7521d146874ef1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4110119270548472","authorIdStr":"4110119270548472"},"htmlText":"Huh","listText":"Huh","text":"Huh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917864596","repostId":1134143430,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9917865056,"gmtCreate":1665476662775,"gmtModify":1676537613358,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"😱😱😱","listText":"😱😱😱","text":"😱😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9917865056","repostId":1134143430,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104305879,"gmtCreate":1665481781177,"gmtModify":1665481784617,"authorId":3581585065847040,"author":{"id":3581585065847040,"idStr":"3581585065847040","authorId":3581585065847040,"name":"Choonhowe","avatar":"https://static.tigerbbs.com/e205c06eb09cb6cd66cc8713af71f27f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9917865056,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9917868187,"gmtCreate":1665476104949,"gmtModify":1676537613253,"author":{"id":"3578973717832794","authorId":"3578973717832794","name":"RieslingHawk","avatar":"https://static.tigerbbs.com/a5390eacc9599c6447d4c42f983fcc76","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":2,"crmLevelSwitch":1,"idStr":"3578973717832794","authorIdStr":"3578973717832794"},"htmlText":"Bagholder Cathie at it again, bringing the entire ARK gamblers into poverty.&nbsp;","listText":"Bagholder Cathie at it again, bringing the entire ARK gamblers into poverty.&nbsp;","text":"Bagholder Cathie at it again, bringing the entire ARK gamblers into poverty.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917868187","repostId":1134143430,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":17,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}