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Cathie Wood's Flurry Of Trades: Offloads $31.5M in Tesla, Buys Amazon, AMD And Meta — Dumps Palantir, Trims Robinhood And Square Amid Bitcoin Rally

Benzinga ·  Oct 29 11:22

On Monday, Cathie Wood'sArk Investmade significant trades in$Amazon (AMZN.US)$,$Robinhood (HOOD.US)$,$Advanced Micro Devices (AMD.US)$,$Meta Platforms (META.US)$,$Tesla (TSLA.US)$and$Palantir (PLTR.US)$. These trades were part of a series of transactions carried out by Ark Invest's various ETFs.

The Amazon Trade

Ark Invest's$ARK Innovation ETF (ARKK.US)$and$ARK Next Generation Internet ETF (ARKW.US)$purchased a substantial 141,504 shares of Amazon.com Inc. This transaction was valued at $26.65 million based on Amazon's closing price of $188.39 on Monday. This move comes after a Goldman Sachs analyst's prediction of a solid mix of revenue growth and operating margin expansion for the e-commerce giant in its third-quarter financial results.

The...

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