TSLA
ARK Invest buys more Tesla amid stumble in electric vehicle stocks
- ARK Invest bought more shares of Tesla (NASDAQ:TSLA) today, adding
11,893 shares to the ARK Autonomous Technology & Robotics ETF
(BATS:ARKQ),
177,214 shares for the ARK Innovation Fund (NYSEARCA:ARKK) and 51,441
shares for the ARK Next Generation Internet ETF (NYSEARCA:ARKW).
- It was the second day in a row that Cathie Wood's funds were buying
into the TSLA weakness, with 27,350 shares being snapped up by ARKQ on
February 22 and 62,048 shares for ARKW.
- The popularity of the fund means that ARK is frequently buying Tesla
to match inflows, but the recent buying action has been notable.
- During an interview on Bloomberg Radio today, Wood said she loves the
liquidity that the shakeout in the market brings in general and sees a
$7T
opportunity in the autonomous car industry.
- Shares of Tesla are up 2.63% in AH trading after falling 2.19% during
the regular session.
- The auto sector was jolted today by some intense selling in favorite
EV names.
|Today, 8:08 PM|107 Comments
ARK Invest buys more Tesla amid stumble in electric vehicle stocks
- ARK Invest bought more shares of Tesla (NASDAQ:TSLA) today, adding
11,893 shares to the ARK Autonomous Technology & Robotics ETF
(BATS:ARKQ),
177,214 shares for the ARK Innovation Fund (NYSEARCA:ARKK) and 51,441
shares for the ARK Next Generation Internet ETF (NYSEARCA:ARKW).
- It was the second day in a row that Cathie Wood's funds were buying
into the TSLA weakness, with 27,350 shares being snapped up by ARKQ on
February 22 and 62,048 shares for ARKW.
- The popularity of the fund means that ARK is frequently buying Tesla
to match inflows, but the recent buying action has been notable.
- During an interview on Bloomberg Radio today, Wood said she loves the
liquidity that the shakeout in the market brings in general and sees a
$7T
opportunity in the autonomous car industry.
- Shares of Tesla are up 2.63% in AH trading after falling 2.19% during
the regular session.
- The auto sector was jolted today by some intense selling in favorite
EV names.
|Today, 8:08 PM|107 Comments
Comments
Post a Comment