🚨 Attention, dear investors! 🚨 Cathie Wood’s ARK Invest has been busy shaking things up in the stock market, and we’ve got the scoop!
According to Cathiesark.com, ARK Invest has sold off a staggering $6.3 million worth of Coinbase (COIN) on July 10th. But wait, there’s more! They also ditched $5.6 million worth of Robinhood and $8.5 million worth of Roku between July 10th and July 11th.
Why, you ask? Well, it seems ARK Invest has found a new love in the form of a Big Tech stock. 💸
Other recent sales include $1.8 million of electric aircraft maker Archer Aviation (ARCHR) on July 11th and $8.3 million in digital-payments company Square (XYC) between July 9th and July 10th.
But fear not, for ARK Invest has also purchased a whopping $14.2 million worth of electric vehicle manufacturer Tesla (TSLA) on July 11th. 🚀
Currently, ARK Invest’s top single holding is Coinbase at $881.4 million, followed by Tesla at $865.1 million. Roku comes in third at $674.4 million, with Robinhood trailing behind at $636.1 million.
ARK CEO Cathie Wood recently shared her thoughts on the stock market in a CNBC interview, predicting a strong bull run and a US economic recovery once the Fed cuts rates. 📈
“We have been climbing a wall of worry. A lot of people expected tariffs and wars and the controversy between the Fed and the President to really shake markets up.
And of course, there has been some volatility. But these are the kinds of bull markets that I think are the most durable, when the market climbs through all of that controversy. It’s really signaling something. And I think the things that it’s signaling are: interest rates probably are coming down… we’ll move from a rolling recession into a recovery.”
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2025-07-15 01:21