Cathie Wood Bought the Dip on Shopify, Adding 1.76M Shares to Her ETFs

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Cathie Wood Bought the Dip on Shopify, Adding 1.76M Shares to Her ETFs

seekingalpha2022-07-27

Cathie Wood purchased the dip with regards to Shopify on Tuesday after the online retailer announced it would lay off 10% of its workforce and subsequentially plunged 14%.According to ARK’s trade ...

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SPOT_ON
·2022-07-28
Ok
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rontol
·2022-07-28
Crazy bet again from her lol
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KLS
·2022-07-27
Buy
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SteadyDoesIt
·2022-07-27
Going to have to hold for a long time to see decent profits. They already warn of losses to come
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Huat1333
·2022-07-27
[Silence] [Silence] [Silence]
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KYBoo
·2022-07-27
Good
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ZenInv
·2022-07-27
Should we do the same?
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Edwardtoh
·2022-07-27
Like
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Desmond669
·2022-07-27
Lol
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All in Tuesday’s purchase equated to approximately $55.71M in market share value.The lions share went to Wood’s flagship fund ARK Innovation ETF (NYSEARCA:ARKK) as it purchased 1,326,295 shares of Shopify. The sizable purchase of SHOP shares bumped the stock up to ARKK’s 12th largest holding at 3.19%. Prior to Tuesday SHOP was the funds 14th most significant position.ARK Fintech Innovation ETF (NYSEARCA:ARKF) the worlds largest ETF holder of SHOP grabbed another 238,088 shares and the ARK Next Generation Internet ETF (NYSEARCA:ARKW) picked up 201,546 shares of Shopify.Time will tell to see if Wood grabs more shares of SHOP after the stock posted weaker than projected earnings earlier today. On Wednesday morning SHOP announced Q2 Non-GAAP EPS of -$0.03 which missed estimates by $0.06. 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They already warn of losses to come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909748108","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9909764798,"gmtCreate":1658929604015,"gmtModify":1676536230011,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3559014783889591","authorIdStr":"3559014783889591"},"htmlText":"[Silence]&nbsp;[Silence]&nbsp;[Silence]&nbsp;","listText":"[Silence]&nbsp;[Silence]&nbsp;[Silence]&nbsp;","text":"[Silence] [Silence] [Silence]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909764798","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9909762964,"gmtCreate":1658929261858,"gmtModify":1676536229942,"author":{"id":"3581501341719005","authorId":"3581501341719005","name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581501341719005","authorIdStr":"3581501341719005"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909762964","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9909769697,"gmtCreate":1658928695219,"gmtModify":1676536229839,"author":{"id":"4098783902581330","authorId":"4098783902581330","name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4098783902581330","authorIdStr":"4098783902581330"},"htmlText":"Should we do the same?","listText":"Should we do the same?","text":"Should we do the same?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909769697","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9909788350,"gmtCreate":1658927240470,"gmtModify":1676536229646,"author":{"id":"3586301355400538","authorId":"3586301355400538","name":"Edwardtoh","avatar":"https://static.tigerbbs.com/b46042c9b9b5dcea7d55f33bccb139cc","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3586301355400538","authorIdStr":"3586301355400538"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909788350","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9909714714,"gmtCreate":1658926231138,"gmtModify":1676536229449,"author":{"id":"3562118563279867","authorId":"3562118563279867","name":"Desmond669","avatar":"https://static.tigerbbs.com/e2484115c94d3471cb46f20ea7598b4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562118563279867","authorIdStr":"3562118563279867"},"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909714714","repostId":2254395803,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":150,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}