Cathie Wood and her investment firm ARK Invest have recently sold significant shares in two major companies. On June 24, ARK Invest sold 41.5 million shares of Ginkgo Bioworks, reducing their holdings to approximately 148 million shares. Ginkgo Bioworks' stock has seen a dramatic decline, closing at $0.36 per share, down 96% from its de-SPAC price of $10 on September 14, 2021. The average daily volume for Ginkgo Bioworks is 44.5 million shares. Additionally, on June 25, ARK Invest sold 33,834 shares of Nvidia. The ARK Innovation ETF, managed by Cathie Wood, has experienced a significant shrinkage in assets, losing $22.2 billion, with $11 billion attributed to cumulative outflows and the rest to price losses.
"cathie wood has closed her position" https://t.co/eA5EqOcM3u
#CathieWood and Ark Invest sold 33,834 shares of Nvidia $NVDA today https://t.co/4ofhBErIvr
Cathie Wood selling $NVDA already? Day trading much...? $ARKW $ARKQ $ARKK https://t.co/2kPjBdmqfM
Cathie Wood and Ark Invest's trade activity from today 6/25 https://t.co/WIhJCnQMQb
Cathie Wood $ARKK sold 33,834 shares of $NVDA Nvidia today. https://t.co/GYIjBnRhbT
Cathie Wood and Ark Invest sold 33,834 shares of Nvidia $NVDA today https://t.co/9NLbihHHpw
OUCH! The assets in @CathieDWood's ARK Innovation ETF have shrunk by $22.2bn. Just ~$11bn came from cumulative outflows, the rest from price losses. https://t.co/3DMC77Sb8H
#CathieWood and Ark Invest's trade activity from today 6/24 https://t.co/LzQHHSEYr6
$DNA $ARKK - @CathieDWood's @ARKInvest sells 41.5M shares y'day which lvs ARK with ~148M more shares to go. -ARK is the #2 holder in Gingko Bioworks which closed at $0.36 y'day. -$DNA shares are -96% since their de-SPAC at $10 on 9/14/21. -$DNA's ave. daily volume is 44.5M… https://t.co/atstz96GGZ
Cathie Wood and Ark Invest's trade activity from today 6/24 https://t.co/9L2iJrPslf
$ARKK Cathie Wood just sold 33M shares of Ginkgo Bioworks $DNA I wonder what happens to the company now if Cathie’s out…she still has over 100M shares. Either they got bought out, reverse split from 36cents, or declare bankruptcy… https://t.co/vU6ywgzfiB