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Cathie Wood Makes Whopping $12M Tesla Stock Buy — Raises Stake In This Fintech Company Too
Wednesday, March 8, 2023 - 11:00pm | 393Cathie Wood-led ARK Investment Management bought 69,329 shares of Tesla Inc (NASDAQ:TSLA) on Wednesday at an estimated valuation of over $12.6 million based on Wednesday's closing price. The purchase was done via the flagship ARK Innovation ETF (NYSE:ARKK) and the ARK Next Generation Internet ETF (...
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Cathie Wood Scoops Up Robinhood Stock Again With $10M Buy Amid Powell's Market-Rattling Testimony
Tuesday, March 7, 2023 - 10:12pm | 420Cathie Wood-led ARK Investment Management bought over a million shares of financial services company Robinhood Markets Inc (NASDAQ:HOOD) at an estimated valuation of about $10 million based on Tuesday's closing price. The purchase was done via the ARK Next Generation Internet ETF (NYSE:ARKW)....
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Cathie Wood Adds $2M Of Robinhood Stock Despite SEC Probe — Trims Stake In This Cloud-Based Platform
Monday, March 6, 2023 - 10:11pm | 398Cathie Wood-led ARK Investment Management bought over 219,000 shares of financial services company Robinhood Markets Inc (NASDAQ:HOOD) at an estimated valuation of over $2 million based on Monday's closing price. The purchase was done via the ARK Next Generation Internet ETF (NYSE:ARKW). Robinhood...
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Cathie Wood Says Bitcoin, Ethereum 'Didn't Skip A Beat' Even As FTX, Celsius Collapsed
Tuesday, February 28, 2023 - 12:43am | 553Ark Investment Management CEO Cathie Wood defended Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), saying the two major cryptocurrencies "didn't skip a beat" despite the collapse of centralized entities such as FTX and Celsius. What...
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Cathie Wood Loads Up $13M In Coinbase After Q4 Beat, Cuts Stake In This Sports Betting Company
Wednesday, February 22, 2023 - 10:53pm | 473Cathie Wood-led ARK Investment Management has purchased 213,519 shares of Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $13 million based on Wednesday’s closing price, as the cryptocurrency exchange platform reported upbeat quarterly results. The...
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The Day 'Big Short' Investor Michael Burry Reminisced About Dow's Largest Single-Day Fall In 2008: Wondered 'If This Could Be Worse'
Wednesday, February 22, 2023 - 8:19pm | 477‘Big Short’ investor Michael Burry expressed skepticism on the global economic environment and questioned whether it could be worse than the 2008 financial crisis in September 2022. What Happened: The investor, who made his fortune betting against the housing market in the...
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Cathie Wood Adds $5.5M Of This Chip Stock Despite Bleak Outlook — Trims Roku Holdings
Tuesday, February 21, 2023 - 9:40pm | 390Cathie Wood-led ARK Investment Management made a whopping buy in shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) on Tuesday, purchasing 72,848 shares of the chipmaker at an estimated valuation of over $5.5 million based on Tuesday’s closing price. The purchase was done via the ARK...
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Cathie Wood Trims Stake In This Chipmaker And Makes Whopping $34M Buy In Shopify
Friday, February 17, 2023 - 1:29am | 425Cathie Wood-led ARK Investment Management made a whopping buy in Shopify Inc (NYSE:SHOP) shares, loading up 776,835 shares of the company at an estimated valuation of over $34.8 million based on Thursday's closing price. The purchase was done via the flagship ARK Innovation ETF (NYSE:ARKK), the ARK...
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Cathie Wood Buys Over $6M In Bitcoin-Linked Stock That's Up 67% This Year
Monday, February 13, 2023 - 9:57pm | 425Cathie Wood's ARK Investment Management bought 118,695 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) through two of its exchange-traded funds at an estimated valuation of over $6.6 million based on Monday's closing price. The purchase was done via the flagship ARK...
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Cathie Wood's ARK Shows Eye-Popping Gap In Global GDP Growth Forecast If Tech Taken Into Picture
Sunday, February 5, 2023 - 9:17pm | 505Cathie Wood’s ARK Investment Management researcher Brett Winton has made an interesting case of a discontinuous change to the rate of economic growth, which gives a different picture of the world GDP growth forecast when technology is taken into account. “...
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Cathie Wood On Why Bitcoin Is The Ultimate Insurance Policy Against Hyperinflation
Friday, February 3, 2023 - 8:39am | 363Ark Investment Management CEO Cathie Wood said that Bitcoin (CRYPTO: BTC) provides the greatest protection against wealth confiscation and an insurance policy for the developing world. What Happened: Wood said there’s “hyperinflation all over the world as their currencies have...
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Cathie Wood Says Won't Be Surprised At Fed's Rate Cuts This Year: 'Bigger Risk Is Deflation…Also A Very Big Opportunity'
Friday, February 3, 2023 - 7:28am | 403Cathie Wood of ARK Investment Management reportedly said she won’t be surprised if the Federal Reserve cuts rates this year and that she believes the bigger risk is deflation. What Happened: “I would not be surprised to see the Fed cut rates this year. One of the other reasons that we...
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Cathie Wood's ARK Sees $200 Trillion Potential For Disruptive Innovation Market — With AI As 'Most Important' Catalyst
Wednesday, February 1, 2023 - 8:41am | 528Cathie Wood’s ARK has stated that the market value of disruptive innovation platforms could scale 40% annually during this business cycle, from $13 trillion today to $200 trillion by 2030. In 2030, the market value associated with disruptive innovation could account for the...
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Cathie Wood Trims Robinhood Stake As Stock Gains 28% In January — Also Offloads Shares In This Biotech Company
Tuesday, January 31, 2023 - 10:09pm | 447Cathie Wood-led ARK Investment Management sold 85,337 shares of financial services company Robinhood Markets Inc (NASDAQ: HOOD) at an estimated valuation of over $888,000, based on Tuesday’s closing price. The sale was done through the ARK Fintech Innovation ETF...
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Cathie Wood Said Powell's 'Sledgehammer' To 'Slay' Inflation Way More Powerful Than Volcker's In 1980s: 'Fed Could Undermine Its Legacy'
Monday, January 30, 2023 - 8:21pm | 651Cathie Wood, the founder of ARK Investment Management, said that the prevailing U.S. monetary policy in September was significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to...