Not sure if I understand these

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TaiGerGenie
2021-04-23

Not sure if I understand these moves. Currently the pivot might not be obvious to retail investors like myself. Hoping there is a silver lining to these moves

Cathie Wood's Ark Loads Up Another 1.2 Million Shares In Skillz, Also Adds Coinbase, DraftKings

Cathie Wood-led Ark Investment Management on Thursday snapped up 1.2 million shares of the mobile ga

Cathie Wood's Ark Loads Up Another 1.2 Million Shares In Skillz, Also Adds Coinbase, DraftKings

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FFX
·2021-04-23
soon u will understand
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Hoping there is a silver lining to these moves</body></html>","text":"Not sure if I understand these moves. Currently the pivot might not be obvious to retail investors like myself. Hoping there is a silver lining to these moves","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/372939902","repostId":1199798335,"repostType":4,"repost":{"id":"1199798335","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619164511,"share":"https://www.laohu8.com/m/news/1199798335?lang=&edition=full","pubTime":"2021-04-23 15:55","market":"us","language":"en","title":"Cathie Wood's Ark Loads Up Another 1.2 Million Shares In Skillz, Also Adds Coinbase, DraftKings","url":"https://stock-news.laohu8.com/highlight/detail?id=1199798335","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Thursday snapped up 1.2 million shares of the mobile ga","content":"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.\nThe 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.\nThe 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.\nSkillz 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.\nTwo of the New York-based investment firm’s flagship funds bought 250,471 shares, in total,&nbsp;of the cryptocurrency exchangeCoinbase Global Inc(NASDAQ:COIN), worth about $7.35 million on Thursday’s dip.\nCoinbase 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.\nARKK bought 195,097 COIN shares representing about 0.25% of the ETF. The&nbsp;ArkNext Generation Internet ETF(NYSE:ARKW) bought 55,374 COIN shares representing about 0.24% of the ETF.\nThe 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.\nSquare is among Ark’s top three holdings.\nARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.\nThe 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.\nARKW sold 7,200 shares of the online payment companyPayPal Inc(NASDAQ:PYPL), representing about 0.03% of the ETF.\nPayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.\nOther Ark Buys On Thursday:\n<ul>\n <li>Recursion Pharmaceuticals(NASDAQ:RXRX)</li>\n <li>Ionis Pharmaceuticals(NASDAQ:IONS)</li>\n <li>908 Devices(NASDAQ:MASS)</li>\n <li>Iridium Communications(NASDAQ:IRDM)</li>\n <li>DraftKings(NASDAQ:DKNG)</li>\n <li>Beam Therapeutics(NASDAQ:BEAM)</li>\n <li>Jaws Spitfire Acquisition(NYSE:SPFR)</li>\n <li>Niu Technologies(NASDAQ:NIU)</li>\n <li>3D Systems(NYSE:DDD)</li>\n <li>Tencent(OTC:TCEHY)</li>\n <li>Pinduoduo(NASDAQ:PDD)</li>\n <li>Okta(NASDAQ:OKTA)</li>\n</ul>\nOther Ark Sells On Friday:\n<ul>\n <li>LendingTree(NASDAQ:TREE)</li>\n <li>Phreesia(NYSE:PHR)</li>\n <li>Pluristem Therapeutics(NASDAQ:PSTI)</li>\n <li>SyrosPharmaceuticals(NASDAQ:SYRS)</li>\n <li>Thermo FIsher Scientific(NYSE:TMO)</li>\n <li>PACCAR(NASDAQ:PCAR)</li>\n <li>Roku(NASDAQ:ROKU)</li>\n <li>Nvidia(NASDAQ:NVDA)</li>\n <li>HubSpot(NYSE:HUBS)</li>\n <li>Pure Storage Inc(NYSE:PSTG)</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nCathie Wood's Ark Loads Up Another 1.2 Million Shares In Skillz, Also Adds Coinbase, DraftKings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-04-23 15:55\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\nCathie 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.\nThe 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.\nThe 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.\nSkillz 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.\nTwo of the New York-based investment firm’s flagship funds bought 250,471 shares, in total,&nbsp;of the cryptocurrency exchangeCoinbase Global Inc(NASDAQ:COIN), worth about $7.35 million on Thursday’s dip.\nCoinbase 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.\nARKK bought 195,097 COIN shares representing about 0.25% of the ETF. The&nbsp;ArkNext Generation Internet ETF(NYSE:ARKW) bought 55,374 COIN shares representing about 0.24% of the ETF.\nThe 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.\nSquare is among Ark’s top three holdings.\nARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.\nThe 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.\nARKW sold 7,200 shares of the online payment companyPayPal Inc(NASDAQ:PYPL), representing about 0.03% of the ETF.\nPayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.\nOther Ark Buys On Thursday:\n<ul>\n <li>Recursion Pharmaceuticals(NASDAQ:RXRX)</li>\n <li>Ionis Pharmaceuticals(NASDAQ:IONS)</li>\n <li>908 Devices(NASDAQ:MASS)</li>\n <li>Iridium Communications(NASDAQ:IRDM)</li>\n <li>DraftKings(NASDAQ:DKNG)</li>\n <li>Beam Therapeutics(NASDAQ:BEAM)</li>\n <li>Jaws Spitfire Acquisition(NYSE:SPFR)</li>\n <li>Niu Technologies(NASDAQ:NIU)</li>\n <li>3D Systems(NYSE:DDD)</li>\n <li>Tencent(OTC:TCEHY)</li>\n <li>Pinduoduo(NASDAQ:PDD)</li>\n <li>Okta(NASDAQ:OKTA)</li>\n</ul>\nOther Ark Sells On Friday:\n<ul>\n <li>LendingTree(NASDAQ:TREE)</li>\n <li>Phreesia(NYSE:PHR)</li>\n <li>Pluristem Therapeutics(NASDAQ:PSTI)</li>\n <li>SyrosPharmaceuticals(NASDAQ:SYRS)</li>\n <li>Thermo FIsher Scientific(NYSE:TMO)</li>\n <li>PACCAR(NASDAQ:PCAR)</li>\n <li>Roku(NASDAQ:ROKU)</li>\n <li>Nvidia(NASDAQ:NVDA)</li>\n <li>HubSpot(NYSE:HUBS)</li>\n <li>Pure Storage Inc(NYSE:PSTG)</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199798335","content_text":"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.\nThe 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.\nThe 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.\nSkillz 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.\nTwo 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.\nCoinbase 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.\nARKK 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.\nThe 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.\nSquare is among Ark’s top three holdings.\nARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.\nThe 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.\nARKW sold 7,200 shares of the online payment companyPayPal Inc(NASDAQ:PYPL), representing about 0.03% of the ETF.\nPayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.\nOther Ark Buys On Thursday:\n\nRecursion Pharmaceuticals(NASDAQ:RXRX)\nIonis Pharmaceuticals(NASDAQ:IONS)\n908 Devices(NASDAQ:MASS)\nIridium Communications(NASDAQ:IRDM)\nDraftKings(NASDAQ:DKNG)\nBeam Therapeutics(NASDAQ:BEAM)\nJaws Spitfire Acquisition(NYSE:SPFR)\nNiu Technologies(NASDAQ:NIU)\n3D Systems(NYSE:DDD)\nTencent(OTC:TCEHY)\nPinduoduo(NASDAQ:PDD)\nOkta(NASDAQ:OKTA)\n\nOther Ark Sells On Friday:\n\nLendingTree(NASDAQ:TREE)\nPhreesia(NYSE:PHR)\nPluristem Therapeutics(NASDAQ:PSTI)\nSyrosPharmaceuticals(NASDAQ:SYRS)\nThermo FIsher Scientific(NYSE:TMO)\nPACCAR(NASDAQ:PCAR)\nRoku(NASDAQ:ROKU)\nNvidia(NASDAQ:NVDA)\nHubSpot(NYSE:HUBS)\nPure Storage Inc(NYSE:PSTG)","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"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,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":131,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4112304,"commentId":"4112304","gmtCreate":1619169004027,"gmtModify":1680785262149,"authorId":3576060582803676,"author":{"id":3576060582803676,"idStr":"3576060582803676","authorId":3576060582803676,"name":"FFX","avatar":"https://community-static.tradeup.com/news/1ef6d6cc462584c56b30f8322d0ec01a","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":372939902,"objectIdStr":"372939902","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"soon u will understand","text":"soon u will understand","html":"soon u will understand","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}