Cathie Wood's ARK Investment Management faced a decline in its flagship fund to a five-month low, primarily due to a drop in Tesla shares following a round of job cuts on April 16. Despite the downturn, ARK continued to invest in Tesla, purchasing a total of 92,687 shares over two consecutive days. On the first day, ARK bought 20,683 shares, followed by an additional 5,500 shares later that day. The following day, ARK acquired another 66,504 shares of Tesla.
Cathie Wood and Ark Invest's trade activity from today 4/17 https://t.co/2pFZsYGDZp
She is going heavier into $tsla @CathieDWood $arkk First time seeing only one symbol trade in a day https://t.co/mI3C0YZIXP
Cathie Wood and Ark Invest bought 66,504 more shares of Tesla $TSLA today
Tesla Stock Has Been Falling. ARK’s Cathie Wood Keeps Buying. https://t.co/F7QCewvLGJ
*CATHIE WOOD'S ARK INVESTMENT BUYS 5.5K SHARES OF TESLA ON TUESDAY $TSLA $ARKK https://t.co/frddD48HTQ
$TSLA ❖ CATHIE WOOD'S ARK INVESTMENT BUYS 5.5K SHARES OF TESLA TODAY
Cathie Wood and Ark Invest's trade activity from today 4/16 https://t.co/yJt46IT1wR
Cathie Wood and Ark Invest bought 20,683 shares of Tesla $TSLA today
Shares in Cathie Wood’s flagship fund slid to a five-month low as Tesla, its biggest holding, dropped after a round of job cuts https://t.co/Br6vC8WQ93