Cathie Wood’s Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings
on monday, Katie Wood-Drove Ark Invest He made major deals including: CrowdStrike Holdings (NASDAQ: CRWD) and Tesla Inc. (NASDAQ:TSLA), despite the turbulent market conditions surrounding these companies.
Crowdstrike Trading
the Ark Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet Fund The New York Stock Exchange-listed funds (NYSE:ARKW) bought a total of 20,219 shares of CrowdStrike stock, valued at approximately $5.34 million based on the closing price of $263.91 on the same day. The move comes despite recent challenges faced by CrowdStrike.
do not miss:
Crowd Strike The stocks were down. Following a global IT outage last week, a cybersecurity firm has accepted responsibility.
CEO George Kurtz The company attributed the outage to a “bug discovered in a single content update” and stressed that it was not a security incident or cyberattack. However, analysts expect the outage to cost more than $1 billion, with potential lawsuits and damages claims.
Former hedge fund manager and TV host Jim Cramer Crowdstrike CEO praised the company’s response to the outage and expressed optimism about the company’s future. He also expressed appreciation for Kurtz’s handling of the technical glitch that affected users of Microsoft’s Windows operating system.
“CrowdStrike has incredible technology, and it wasn’t their technology that was the problem, it was the inaccurate update that was the problem, which they fully acknowledged,” Cramer said.
Tesla Trading
Ark Invest’s ARKW fund sold 14,859 shares of Tesla stock, worth an estimated $3.74 million based on the closing price of $251.51 on the same day. Ark Invest is typically bullish on Elon Musk-US-led electric vehicle maker.
Ark Invest Sells Tesla Shares In recent sessions, though, Wood has been bullish on the company’s potential in the self-driving taxi sector. Wood has a $2,600 target on the electric car maker. Tesla is scheduled to report second-quarter earnings on Tuesday.
Other major occupations:
-
ARK Invest’s ARKF fund sold shares of Kaspi.kz AO (KSPI).
-
Ark Invest’s ARKG fund sold shares of Teladoc Health Inc (TDOC) and bought shares of 10X Genomics Inc (TXG).
-
Ark Invest’s ARKK fund sold shares of Teladoc Health Inc (TDOC) and bought shares of 10X Genomics Inc (TXG).
-
Ark Invest’s ARKQ fund bought shares of Oklo Inc (OKLO).
read the following:
“The Secret Weapon of Active Investors” Power Your Stock Market with the #1 “News and Everything Else” Trading Tool: Benzinga Pro – Click here to start your 14-day trial now!
Get the latest stock analysis from Benzinga?
This article Cathie Wood’s Ark Invest Sold $5.3 Million in Crowdstrike Stock, Dumped $3.7 Million in Tesla Stock Ahead of Q2 Earnings Originally appeared on Benzinga.com
