"Wooden Sister" once again sold over 30 million USD worth of Tesla stocks, increasing her positions in Meta and Amazon

Zhitong
2024.10.30 09:22

"Cathy Wood" recently continued to sell Tesla shares while increasing her positions in Amazon and Meta. The latest data released by her firm, Ark Invest, shows that the ARK Innovation ETF and Ark Next Generation Internet ETF sold 120,141 shares of Tesla on October 28, worth $31.54 million. Notably, Ark Invest had already sold 85,456 shares of Tesla the previous Thursday, valued at approximately $22.22 million. Wood's decision to sell Tesla shares at this time is primarily due to Tesla's recently announced third-quarter earnings report, which exceeded expectations and led to a significant rise in the company's stock price. Nevertheless, Tesla remains the largest holding in both of Ark Invest's ETFs. The ARKK and ARKW ETFs additionally purchased 141,504 shares of Amazon stock, totaling $26.66 million. Over the past few trading days, Wood has been accumulating Amazon shares in anticipation of a strong third-quarter earnings report from Amazon

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.