Cathie Wood sold BYD stock 64,800 shares and 19,752 shares within 2 days this week
The timing of selling BYD's share came at a time when the USD 1 billion EV investment proposal in India is rejected. It's also difficult not to link Warren Buffett continuous reducing its stakes in BYD share. Are the above a signal that BYD EV delivery in China and profitabily is affected by price cutting and China economy slowdown?
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On Monday (24 July), Cathie Wood-led Ark Invest made a series of trades, the most notable of which involved selling 64,800 shares of Warren Buffett-backed EV maker, BYD CO LTD (OTC:BYDDY) (OTC:BYDDF), through its ARK Autonomous Technology & Robotics ETF. The transaction was valued at $4.44 million, based on BYD OTC shares’ closing price of $68.55.
On Wednesday (26 July), Cathie Wood-led Ark Invest continued to trim its stake in the Warren Buffett-backed Chinese EV maker, BYD Co Ltd (OTC:BYDDY). BYD Trade. Ark Invest sold 19,752 shares of BYD through its ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ). The transaction was valued at $1.3 million, based on BYD stock’s closing price of $69.23.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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