Cathie Wood’s ARK trades Exact Sciences, Roblox, and Veracyte stock By Investing.com
Cathie Wood’s ARK ETFs made their daily trade public on Friday, June 14, 2024, with a series of buys and sells in various sectors. The most significant move of the day came with the sale of 134,219 shares of Exact Sciences Corp (NASDAQ: ), valued at about $5.74 million, through its ARKG ETF. This trade marks a continuation of ARK’s selling trend in EXAS, following a series of selling earlier in the week.
On the buying side, ARK showed strong interest in Roblox Corp (NYSE:RBLX), buying 19,238 shares worth about $683,333. This transaction adds to the consistent buying pattern seen in the previous days, suggesting ARK’s growing confidence in the online gaming space.
Another notable transaction was the acquisition of 137,174 shares Company Veracyte Inc (NASDAQ:), spread across ARKK and ARKG ETFs, with a dollar value of approximately $2.99 million. The investment in VCYT has been part of a larger fundraising strategy, as evidenced by purchases earlier in the week.
In addition to these trades, ARK is involved in a number of smaller transactions. The firm bought 43,569 shares of Markforged Holding Corp (NYSE:MKFG) and 3,340 shares of PagerDuty Inc (NYSE:NYSE:), worth $19,789 and $70,073 respectively. This purchase reflects the continued interest in these companies, which is consistent with ARK’s investment strategy focused on new technologies.
ARK also increased its position in Rocket Lab USA Inc (NASDAQ:RKLB) and Tempus AI Inc (private company), buying 19,966 and 149,337 shares respectively. Meanwhile, the fund reduced its holdings in Teladoc Health Inc (NYSE:NYSE: ), Verve Therapeutics Inc (NASDAQ:VERV ), and Zoom Social Media Video Inc (NASDAQ: ), with sales of $182,741, $20,764, and $293,292 respectively.
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