Summary sale / purchase by Ms Cathie Wood : Sold - 139,642 Tesla shares at $192.22 per share. Total sales proceeds - $26.84 Million. Bought - 268,928 Coinbase shares at $66.30 per share. Total purchase costs - $17.83 Million. Bought - 320,557 Block shares at $61.88 per share. Total purchase costs - $19.84 Million. Ark funds forked out additional $10.83 Million to complete above 2 purchases. A few things came to mind when I came across above news article.. The obvious question is “Why did Ms Cathie Wood sell $Tesla Motors(TSLA)$ and used the proceeds to fund additional purchase of $Coinbase Global, Inc.(COIN)$ and $Block(SQ)$ ? Before examining each reason under the
As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,258.90 points, up 1.44% points in the past 5 days.During the last 5 trading days, $SEMBCORP MARINE LTD(S51.SI)$, $TJ DaRenTang(T14.SI)$, $NIO Inc.(NIO.SI)$, $SATS LTD.(S58.SI)$ and $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$ are the top 5 Weekly gainers, up 14.42%, 10.07%, 9.74%, 8.98% and 8.76% respectively. $YANGZIJI
Introduction $Advanced Micro Devices(AMD)$ has been on a tear in recent weeks, rising for more than 27% for the month of march. However good things don’t last long and in this post, I will share why I think AMD rally is probably going to end soon (mainly from a technical analysis stand point). About AMD I think AMD needs no further introduction as it is a very popular stock among traders. AMD is a semiconductor company that operates globally in four segments: Data Center, Client, Gaming, and Embedded. It offers a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs, and embedded. All these are the fundamental building blocks for Artificial Intelligence (AI). AMD's Stock Curre