On Monday local time, Cathie Wood's Ark Investment Management continued to buy stocks of cybersecurity company CrowdStrike, which fell for two consecutive days due to a massive outage, with a cumulative decline of 23%.
Two Ark funds, ARKF and ARKW, under Ark Investment, purchased a total of 20,219 shares of CrowdStrike's stocks that day. Based on the closing price of $263.91 that day, the investment is worth about $5.34 million.
After the outage last Friday, two Ark ETFs purchased 38,595 shares of CrowdStrike's stocks, worth approximately $13.24 million.
On Monday, Ark's ARKW fund sold 14,859 shares of Tesla stock, valued at approximately $3.74 million based on the closing price of $251.51 that day.