Page 12 - பேழை அடுத்தது ஜெநரேஶந் இணையதளம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

COIN Bounces Back As Cathie Wood Bought The Dip , Dumped Some Tesla

by Tyler Durden There was at least one dip-buyer in yesterday s disappointing post-open plunge in Coinbase (COIN). Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares. The Ark Innovation ETF (ARKK) now holds 512,535 COIN shares, while the Ark Next Generation Internet ETF (ARKW) purchased 147,081 shares, and the Ark Fintech Innovation ETF (ARKF) bought 89,589. Those headlines sparked a panic-bid this morning in pre-market trading, but sellers have immediately reappeared. COIN remains well below its opening price however. Notably, one of Wood’s funds sold a $4.4 million stake in New York Stock Exchange owner Intercontinental Exchange.

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Cathie Wood s Ark Funds buy £178M worth of Coinbase Stock upon launch

Ark Investment Management purchased 749,205 Coinbase Shares at £235.05 per unit. Coinbase’s stock opened trading at £276.38, rose as high as £311.59 before plunging to £235.05. While all three Ark Funds purchased Coinbase’s stock, Ark Next Generation sold 57,043 TSLA. Cathie Wood, a renowned Bitcoin (BTC) enthusiast, has once again displayed her belief in the future of crypto after three funds at Ark Investment Management bought Coinbase shares after the company went public. A report unveiled this news on April 15, noting that Ark Innovation ETF, Ark FinTech Innovation ETF, and Ark Next Generation Internet ETF purchased a total of 749,205 Coinbase shares after debuting trading on Nasdaq. Reportedly, the closing price of the shares was £235.05. Using this price as the average, Ark Investment Management’s purchased shares worth £178.41 million.

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(ACIC), A123 Systems, Inc (NASDAQ:AONE) - 10 SPACs Owned By Cathie Wood s Ark Funds

Share: Special purpose acquisition companies (SPACs) were a hot topic for investors in 2020 and continue to be a big story in 2021. While SPACs have lost some of the initial buzz surrounding them, some of the larger names going public via this method are attracting interest from mutual funds and ETFs. Ark Funds CEO Cathie Wood has been adding several SPACs to the company’s ETFs. Here is a look at 10 SPACs and former SPACs that are owned in the Ark Funds. DraftKings: Online sports betting company DraftKings Inc (NASDAQ: DKNG) is held in two Ark Funds ETFs. The Ark Next Generation Internet ETF (ARCA:ARKW) owns 1.38 million shares of DraftKings valued at $98.7 million. The stock is the 30th largest holding in the ETF and represents 1.3% of the fund’s assets. DraftKings is also held in the

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RBLX Stock Jumps 6 33%, Ark Invest Buys 500M Roblox Shares

Roblox stock investors are closely monitoring the coronavirus vaccine development as it will significantly affect the company’s gains.

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Stocks Making the Biggest Moves Midday: GE, Nio, Tesla, Bumble, Oracle & More

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nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.

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