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2022-03-08

Cathie Wood's Ark Scooped Up More DraftKings And Block Shares But Cut Stake In Twitter

Cathie Wood-led Ark Investment Management on Monday bought more shares in online sports betting firm

Cathie Wood's Ark Scooped Up More DraftKings And Block Shares But Cut Stake In Twitter

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The stock slumped 8.5% to $97.5 a share on Monday.</li><li>Sold 368,744 shares — estimated to be worth $11.95 million — in Twitter. The stock closed 2.9% lower at $32.4 a share on Monday. The investment firm has sold massive stakes in Twitter since the beginning of January.</li></ul></body></html>","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>Cathie Wood's Ark Scooped Up More DraftKings And Block Shares But Cut Stake In Twitter</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; 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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's Ark Scooped Up More DraftKings And Block Shares But Cut Stake In Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-08 21:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/fintech/22/03/26031429/cathie-woods-ark-scooped-up-more-draftkings-and-block-shares-on-monday-but-cut-stake-in-this-social><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Monday bought more shares in online sports betting firm DraftKings Inc (NASDAQ: DKNG) and fintech company Block Inc (NYSE: SQ) while shedding some Twitter ...</p>\n\n<a href=\"https://www.benzinga.com/fintech/22/03/26031429/cathie-woods-ark-scooped-up-more-draftkings-and-block-shares-on-monday-but-cut-stake-in-this-social\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc.","ARKK":"ARK Innovation ETF","SQ":"Block","ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://www.benzinga.com/fintech/22/03/26031429/cathie-woods-ark-scooped-up-more-draftkings-and-block-shares-on-monday-but-cut-stake-in-this-social","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140417112","content_text":"Cathie Wood-led Ark Investment Management on Monday bought more shares in online sports betting firm DraftKings Inc (NASDAQ: DKNG) and fintech company Block Inc (NYSE: SQ) while shedding some Twitter Inc (NYSE: TWTR) stock.Ark Invest bought 279,441 shares of DraftKings, estimated to be worth $5 million, boosting its stake by about 1.4%.The company’s stock closed 12.7% lower at $18.05 a share on Monday, after Argus Research downgraded it to “hold” from “buy” amid regulatory headwinds, and is down 35% year-to-date.The popular asset management firm owns shares in DraftKings via three of its active exchange-traded funds, namely, the Ark Innovation ETF (NYSE: ARKK), the Ark Next Generation Internet ETF (NYSE: ARKW), and the Ark Fintech Innovation ETF (NYSE: ARKF).The three ETFs held 20.5 million shares — worth $424.9 million— in DraftKings, prior to Monday’s trade.Here are some of the other key Ark Invest trades on Monday:Bought 51,943 shares— estimated to be worth $5 million — in Jack Dorsey-led fintech company Block. The stock slumped 8.5% to $97.5 a share on Monday.Sold 368,744 shares — estimated to be worth $11.95 million — in Twitter. The stock closed 2.9% lower at $32.4 a share on Monday. The investment firm has sold massive stakes in Twitter since the beginning of January.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"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":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}