Ark Invest, which was founded by millionaire investor Cathie Wood in 2014, bought 197,259 shares in the Meta stock. The shares are estimated to be worth $63.83 million. On Friday, shares of the company closed 2.1% higher at $323.57 per share, with Meta set to change its stock ticker from FB to MVRS from December […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
Image by unbekannt - https://ark-invest.com/wp-content/uploads/2020/04/ark-logo-1-1.svg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=102251619 Turning to Twitter, Wood wrote: “To his credit, Michael Burry made a great call based on fundamentals and recognised the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.” […]
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