Ark Investment

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods...

On Thursday, Cathie Wood’s Ark Invest made a significant move by reducing its stake in Tesla Inc (NASDAQ:TSLA), despite a recent bullish outlook on the company’s potential in the autonomous taxi sector. The Tesla Trade The ARK Next Generation Internet ETF (NYSE:ARKW) sold 32,199 shares...

Cathie Wood is standing firm in her support for Bitcoin (CRYPTO: BTC) despite a 5% weekly decline, tweeting that the apex crypto is backed by the world's largest computer network. What Happened: The Ark Invest CEO remains unfazed by sliding Bitcoin prices, sharing...

Coinbase Global Inc. (NASDAQ: COIN) is shaking up its custody division. Aaron Schnarch, who served as the CEO of Coinbase Custody, has left the company, Bloomberg reported. Rick Schonberg has taken over the role, bringing experience from his previous positions at Goldman Sachs (NYSE: GS), State...

In a notable shift in investment strategy, ARK Investment Management, led by CEO Cathie Wood, has sold its entire remaining position in Grayscale Bitcoin Trust (OTC: GBTC). This move is particularly significant as GBTC was the largest holding in ARK's Next Generation Internet ETF (NYSE:...

Cathie Wood, CEO of ARK Invest, has reported a significant change in the Securities and Exchange Commission’s (SEC) approach to Bitcoin (CRYPTO: BTC) Spot ETF filings.  What Happened: Wood, in a Tuesday interview with Bloomberg expressed optimism for the approval of such ETFs based on...

In a significant development for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) recognized the spot Bitcoin (CRYPTO: BTC) ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco and BlackRock Inc (NYSE: BLK). This...

Ark Investment Management CEO and Founder Cathie Wood says that she is confident Bitcoin (CRYPTO: BTC) will hit seven figures and that her $1 million target for the cryptocurrency will be realized soon. In an interview with Bloomberg earlier this week, Wood...

Cathie Wood-led Ark Investment Management exited out of PayPal Holdings Inc (NASDAQ: PYPL) as it sold its last 100 shares on Feb. 17 this year.  The investment firm is instead betting on the Jack Dorsey-led Block Inc (NYSE: SQ) and the company’s Cash App. Speaking to CNBC at the Miami...

Popular stock picker Cathie Wood is interested in Chinese electric vehicle stocks Xpeng Inc (NYSE: XPEV) and Nio Inc (NYSE: NIO) because of their “low-margin” feature, CnEVpost reported on Tuesday, citing a Bloomberg TV interview. What Happened: Tesla Inc (NASDAQ: TSLA) bull Wood last...

Cathie Wood’s ARK Investment Management LLC is now focusing on shares of largely unprofitable companies.  Recently, Wood’s ARK Innovation bought more than $400 million of shares from companies such as Roblox Corp. (NYSE: RBLX), Block Inc. (NYSE: SQ), and Robinhood Markets Inc (...

The ARK Innovation ETF (NYSE: ARKK) has been a top market performer in 2020, gaining 169.7% year-to-date. Ark Investment and fund manager Cathie Wood have risen to superstardom on Wall Street this year, but Ritholtz Wealth Management portfolio manager Ben Carlson said Wednesday that history doesn...