Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, November 27, 2024 
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Cathie Wood dumps millions of Palantir and Tesla stock; Here's what she bought
- Cathie Wood and Ark Invest dumped millions of dollars worth of Palantir and Tesla shares - redirecting the funds to Amazon and AMD.
Cathie Wood, through her ARK Investment Management, has recently made significant adjustments to her investment portfolio, selling off millions in shares of Palantir Technologies and Tesla. Specifically, ARK sold 1.56 million shares of Palantir, valued at approximately $12.5 million, and 38,329 shares of Tesla, amounting to about $10.2 million. These sales were part of a broader strategy to rebalance the portfolio. Concurrently, ARK has been actively purchasing shares in other companies, notably adding to its stake in Meta Platforms with 23,307 shares worth around $6.1 million, and also acquiring shares in companies like Coinbase, Block, and Roku, indicating a shift towards investments in technology and digital assets sectors. This move reflects Wood's ongoing strategy to capitalize on emerging tech trends while managing risk in her high-growth investment approach.
Read the Full Finbold | Finance in Bold Article at [ https://finbold.com/cathie-wood-dumps-millions-of-palantir-and-tesla-stock-heres-what-she-bought/ ]
Read the Full Finbold | Finance in Bold Article at [ https://finbold.com/cathie-wood-dumps-millions-of-palantir-and-tesla-stock-heres-what-she-bought/ ]
