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2022-02-24

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Cathie Wood Sells Another $2.4M In Palantir And $7.8M In This Social Media Company On Wednesday

Cathie Wood’s Ark Investment Management sold 228,594 shares of Palantir Technologies Inc, worth near

Cathie Wood Sells Another $2.4M In Palantir And $7.8M In This Social Media Company On Wednesday

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Twitter shares closed 0.5% lower at $32.76 in Tuesday’s regular trading and fell 1.1% to $32.41 in the after-hours session.</p><p>With the sale, the total market value of Ark’s Twitter shares across funds is now nearly $75.9 million.</p><p>On Tuesday, Twitter said it is looking to raise $1 billion through the sale of $1 billion senior notes due 2030 in a private institutional placement. 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}\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\">\nCathie Wood Sells Another $2.4M In Palantir And $7.8M In This Social Media Company On Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-24 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/22/02/25800042/cathie-wood-sells-another-2-4m-in-palantir-and-7-8m-in-this-social-media-company-on-wednesday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood’s Ark Investment Management sold 228,594 shares of Palantir Technologies Inc, worth nearly $2.4 million, on Wednesday.Shares of the Peter Thiel-founded technology company slipped 2.8% to $...</p>\n\n<a href=\"https://www.benzinga.com/news/22/02/25800042/cathie-wood-sells-another-2-4m-in-palantir-and-7-8m-in-this-social-media-company-on-wednesday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.benzinga.com/news/22/02/25800042/cathie-wood-sells-another-2-4m-in-palantir-and-7-8m-in-this-social-media-company-on-wednesday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161679469","content_text":"Cathie Wood’s Ark Investment Management sold 228,594 shares of Palantir Technologies Inc, worth nearly $2.4 million, on Wednesday.Shares of the Peter Thiel-founded technology company slipped 2.8% to $10.14 in the after-hours session after closing 0.5% at $10.43 in regular trading on Wednesday.With the latest sale of shares, Ark’s ownership of Palantir has effectively come down to nil.On Tuesday, Wood had dumped $123 million worth of Palantir shares, while on Feb. 18 she had jettisoned another$148.9 million worth of stock.Palantir missed earnings estimates earlier in February for the fourth quarter.Ark also sold 237,143 shares of Twitter Inc worth $7.8 million. 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