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Cathie Wood's ARK sold Tesla to buy Zoom after earnings

Dow Jones2021-11-24

MW Cathie Wood's ARK sold Tesla to buy Zoom after earnings

Cathie Wood's ARK funds sold Tesla $(TSLA)$ to increase their stake in Zoom Video Communications (ZM)after the poorly received results by the video communications company. In the flagship Ark Innovation ETF $(ARKK)$, the fund sold $136 million of Tesla shares while buying $112 million of Zoom. In the ARK Next Generation Internet ETF (ARKW), the fund sold $23 million of Tesla to buy $22 million of Zoom.

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  • SPOT_ON
    ·2021-11-25
    Like 
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  • Chopechope
    ·2021-11-25
    i think its just rebalancing the portfolio to maintain % of holdings
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  • glorify
    ·2021-11-25
    Good strategic to sell & protect Profit from Tesla & buy zoom! Good move! Keep going zoom!💪👌👍
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    • Jawslea
      like
      2021-11-25
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  • Sydney1
    ·2021-11-25
    So now Zoom? Like and comment please. Thank you 
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  • Chris_CHRIS
    ·2021-11-25
    Hmmm... Why
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  • Boazzz
    ·2021-11-25
    Tesla is insanely overvalued if the company fails to deliver on all the future tech/products or if Elon decides to disappear suddenly 
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  • Dazz
    ·2021-11-24
    Any impact on Tesla?
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    • Tohyx
      Tiger
      2021-11-24
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  • CIG
    ·2021-11-24
    风水轮流转 
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    • CIG
      风水轮流转
      2021-11-24
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  • huilly
    ·2021-11-24
    Cool
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  • BuzzyBee3
    ·2021-11-24
    Hmmm.. 
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  • Vannies88
    ·2021-11-24
    Like
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    • ahteow
      Please help to like my post 🙏🏻🙏🏻🙏🏻 will comment/like back
      2021-11-24
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    • NoobZai
      like
      2021-11-24
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  • boonk
    ·2021-11-24
    More opening.. Will zooms till good buy
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  • BillyChew
    ·2021-11-24
    Follow
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    • Vannies88
      K
      2021-11-24
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    • boonk
      o buy lower than cathie
      2021-11-24
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  • eslebe
    ·2021-11-24
    What???!!!
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  • chocoying
    ·2021-11-24
    Like
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    • Sim1
      Done
      2021-11-24
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  • IZTan
    ·2021-11-24
    Follow?
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  • IZTan
    ·2021-11-24
    Wow
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  • Yonakazuk
    ·2021-11-24
    Hmmm
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  • skyel
    ·2021-11-24
    The new legend 
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    • 1Robo
      ok
      2021-11-24
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