Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
avatar
FiveHundredCents wrote a post · Nov 22, 2021 21:51

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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
8
+0
6
Translate
Report
31K Views
Comment
Sign in to post a comment
avatar
FiveHundredCents
Video Sharer
news porter, welcome and respect all view~
2020Followers
33Following
5330Visitors
Follow