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Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday
Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be worth $210.87 million — in $Tesla (TSLA.US)$ , booking more profit in the electric vehicle stock as it continues to rise after recently joining the $1 trillion market capitalization club.
Tesla shares rose nearly 4% on Monday to close 1.74% higher at $1,156.87 a share on Monday. The stock has risen 58.5% year-to-date.
The St. Petersburg, Florida-based Ark Invest has been booking profit in the stock since early September when shares of the Elon Musk-led company started rising after months of sluggish performance.
Including the latest sale, the popular money managing firm has sold about $2.21 billion worth of shares in Tesla since the start of September.
Tesla continues to be Ark Invest's biggest bet across ETFs — a stock it predicts would hit the $3,000 mark by the end of 2025.
Ark Invest sold Tesla shares via the $ARK Innovation ETF (ARKK.US)$ ,the $ARK Next Generation Internet ETF (ARKW.US)$ and the $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ on Monday. No other ARK Invest ETF owns shares in Tesla.
Ahead of Monday’s trade, the three ETFs together held a total of 2.74 million shares — estimated to be worth $3.16 billion — in the electric vehicle company.
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FiveHundredCents
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news porter, welcome and respect all view~
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ATS A trade sniper : hohoho profit taking real money
FiveHundredCents OP ATS A trade sniper :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Elon Starship : I thought she didn’t know thing called profit.
SG73514 : Source??
FiveHundredCents OP SG73514 : Benzinga
FiveHundredCents OP Elon Starship : Would these people not know the profit?LOL