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2022-12-20

Rock hard on TesLOL.

Cathie Wood Stays Firm On Tesla With $4M Buy Even As Stock Slips Below Key Level — Also Loads Up On These 2 Crypto Stocks

Cathie Wood-ledARK Investment ManagementcontinuedbuyingTesla Incstock as it slipped below the $150 mark on the downside on Monday.What Happened: TheARK Autonomous Technology & Robotics ETFpurchased ov

Cathie Wood Stays Firm On Tesla With $4M Buy Even As Stock Slips Below Key Level — Also Loads Up On These 2 Crypto Stocks

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Tesla is the top holding of ARKQ with a weight of 8.56%.</p><p>ARK’s flagship fund, the <b>ARK Innovation ETF</b>, purchased over 31,000 shares of the EV maker on Friday. Despite the continued decline in the stock price, ARK has remained persistent with its bullish stance on Tesla. Last week, Wood’s cumulative Tesla stock buys totaled 111,842 shares or $17.42 million.</p><p>Tesla shares have been on a downward trajectory this year in line with the broader markets that witnessed a significant rout following the <b>Federal Reserve’s</b> aggressive monetary policy to tackle inflation. Company-specific issues such as CEO <b>Elon Musk&#39;s</b> preoccupation with Twitter have also taken a toll on the stock.</p><p>The scrip lost over 62% since the beginning of 2022. The decline overshadows the fall in <b>SPDR S&amp;P 500 ETF Trust</b>, which lost over 20% in the same period, and <b>Vanguard Total Bond Market Index Fund ETF</b> which shed over 12%.</p><p><b>Other Buys:</b> The <b>ARK Fintech Innovation ETF</b> bought over 48,000 shares of cryptocurrency exchange <b>Coinbase Global Inc</b> at an estimated valuation of $1.69 million.</p><p>Coinbase enables the trading of cryptocurrencies like <b>Bitcoin</b> and <b>Ethereum</b>.</p><p>At the same time, ARKK bought over 9,000 shares of Bitcoin-centric <b>Block Inc</b> valued at about $566,000 based on Monday’s closing price.</p></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 Stays Firm On Tesla With $4M Buy Even As Stock Slips Below Key Level — Also Loads Up On These 2 Crypto Stocks</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 Stays Firm On Tesla With $4M Buy Even As Stock Slips Below Key Level — Also Loads Up On These 2 Crypto Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-20 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/22/12/30139370/cathie-wood-stays-firm-on-tesla-with-4m-buy-even-as-stock-slips-below-key-level-also-loa><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led ARK Investment Management continued buying Tesla Inc stock as it slipped below the $150 mark on the downside on Monday.What Happened: The ARK Autonomous Technology & Robotics ETF ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/22/12/30139370/cathie-wood-stays-firm-on-tesla-with-4m-buy-even-as-stock-slips-below-key-level-also-loa\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SQ":"Block","COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/22/12/30139370/cathie-wood-stays-firm-on-tesla-with-4m-buy-even-as-stock-slips-below-key-level-also-loa","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141302598","content_text":"Cathie Wood-led ARK Investment Management continued buying Tesla Inc stock as it slipped below the $150 mark on the downside on Monday.What Happened: The ARK Autonomous Technology & Robotics ETF purchased over 27,000 shares of the EV maker at an estimated valuation of over $4 million. Tesla is the top holding of ARKQ with a weight of 8.56%.ARK’s flagship fund, the ARK Innovation ETF, purchased over 31,000 shares of the EV maker on Friday. Despite the continued decline in the stock price, ARK has remained persistent with its bullish stance on Tesla. Last week, Wood’s cumulative Tesla stock buys totaled 111,842 shares or $17.42 million.Tesla shares have been on a downward trajectory this year in line with the broader markets that witnessed a significant rout following the Federal Reserve’s aggressive monetary policy to tackle inflation. Company-specific issues such as CEO Elon Musk's preoccupation with Twitter have also taken a toll on the stock.The scrip lost over 62% since the beginning of 2022. The decline overshadows the fall in SPDR S&P 500 ETF Trust, which lost over 20% in the same period, and Vanguard Total Bond Market Index Fund ETF which shed over 12%.Other Buys: The ARK Fintech Innovation ETF bought over 48,000 shares of cryptocurrency exchange Coinbase Global Inc at an estimated valuation of $1.69 million.Coinbase enables the trading of cryptocurrencies like Bitcoin and Ethereum.At the same time, ARKK bought over 9,000 shares of Bitcoin-centric Block Inc valued at about $566,000 based on Monday’s closing price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":546,"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":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}