Like and comment-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Nightwing
2021-05-27

Like and comment

Here's How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock

Cathie Wood-led Ark Investment Managementdumped all of its stakein Virgin Galactic Holdings Inc in t

Here's How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":132735856,"tweetId":"132735856","gmtCreate":1622114489675,"gmtModify":1704179699482,"author":{"id":3582838688159375,"authorId":3582838688159375,"authorIdStr":"3582838688159375","name":"Nightwing","avatar":"https://static.tigerbbs.com/eee73b31aa0c67bc07e46fe474bb323e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Like and comment&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Like and comment&nbsp;</p></body></html>","text":"Like and comment","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/132735856","repostId":1149867313,"repostType":4,"repost":{"id":"1149867313","pubTimestamp":1622109491,"share":"https://www.laohu8.com/m/news/1149867313?lang=&edition=full","pubTime":"2021-05-27 17:58","market":"us","language":"en","title":"Here's How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1149867313","media":"benzinga","summary":"Cathie Wood-led Ark Investment Managementdumped all of its stakein Virgin Galactic Holdings Inc in t","content":"<p>Cathie Wood-led Ark Investment Managementdumped all of its stakein&nbsp;<b>Virgin Galactic Holdings Inc</b>&nbsp;in tranches this month, shedding nearly 2 million shares in the space tourism company and missing out on a rocket-like rally.</p><p><b>What Happened:</b>Virgin Galactic shares have soared about 35.4% since Ark's first SPCE trade this month&nbsp;on May 6.</p><p>Between May 6 and May 25, Wood's hedge fund has sold about 1.96 million shares.</p><p>An average price of $18.78 per share is estimated based on the closing price of each of these trading days, fetching the investment firm about $36.77&nbsp;million.</p><p>The same shares would be worth $52.85 million as per Thursday's closing price, implying Ark missed out on about $16 million in gains on the stock.</p><p><b>Why It Matters:</b>The investment firm held the shares of the Richard Branson-founded company via the Ark&nbsp;<b>Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and the recently floated&nbsp;<b>Ark Space Exploration &amp; Innovation ETF</b>(BATS:ARKX).</p><p>The space tourism company over the weekend announced ithad completedits third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico bringing it one step closer to the commercial launch of its space services.</p><p>SPCE competes with Blue Origin, the privately held space venture founded by&nbsp;<b>Amazon.com Inc</b>&nbsp;CEO Jeff Bezos and&nbsp;Elon Musk-led SpaceX.</p><p>The popular fund, known for its investment in&nbsp;<b>Tesla Inc</b>&nbsp;and the recent bets on cryptocurrency exchange&nbsp;<b>Coinbase Global Inc</b>&nbsp;, started diluting Virgin Galactic stake last month after an initialbullishstreak.</p><p>Branson last monthsoldnearly $150 million worth of shares of the space tourism company and still holds 56.8 million shares in Virgin Galactic.</p><p><b>Price Action:</b>SPCE shares closed 5.55% higher at $27 on Wednesday.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's How Much Gains Cathie Wood Has Missed Out On This Month By Selling Virgin Galactic Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 17:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21313000/heres-how-much-gains-cathie-wood-has-missed-out-on-this-month-by-selling-virgin-galactic-stock><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Managementdumped all of its stakein Virgin Galactic Holdings Inc in tranches this month, shedding nearly 2 million shares in the space tourism company and missing out on...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21313000/heres-how-much-gains-cathie-wood-has-missed-out-on-this-month-by-selling-virgin-galactic-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.benzinga.com/news/21/05/21313000/heres-how-much-gains-cathie-wood-has-missed-out-on-this-month-by-selling-virgin-galactic-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149867313","content_text":"Cathie Wood-led Ark Investment Managementdumped all of its stakein Virgin Galactic Holdings Inc in tranches this month, shedding nearly 2 million shares in the space tourism company and missing out on a rocket-like rally.What Happened:Virgin Galactic shares have soared about 35.4% since Ark's first SPCE trade this month on May 6.Between May 6 and May 25, Wood's hedge fund has sold about 1.96 million shares.An average price of $18.78 per share is estimated based on the closing price of each of these trading days, fetching the investment firm about $36.77 million.The same shares would be worth $52.85 million as per Thursday's closing price, implying Ark missed out on about $16 million in gains on the stock.Why It Matters:The investment firm held the shares of the Richard Branson-founded company via the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and the recently floated Ark Space Exploration & Innovation ETF(BATS:ARKX).The space tourism company over the weekend announced ithad completedits third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico bringing it one step closer to the commercial launch of its space services.SPCE competes with Blue Origin, the privately held space venture founded by Amazon.com Inc CEO Jeff Bezos and Elon Musk-led SpaceX.The popular fund, known for its investment in Tesla Inc and the recent bets on cryptocurrency exchange Coinbase Global Inc , started diluting Virgin Galactic stake last month after an initialbullishstreak.Branson last monthsoldnearly $150 million worth of shares of the space tourism company and still holds 56.8 million shares in Virgin Galactic.Price Action:SPCE shares closed 5.55% higher at $27 on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}