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Cathie Wood Sells Another $32M In Tesla And Loads Up On Facebook And This Sports Betting Stock



Cathie Wooden’s cash managing agency Ark Make investments on Thursday additional raised its publicity in Fb Inc (NASDAQ:FB), after the Mark Zuckerberg-led firm introduced altering its title to Meta Platforms Inc final week to replicate its ambition past social media.

Ark Make investments purchased 102,461 shares — estimated to be price $36.46 million — in Fb on Thursday.

Facebook shares closed 1.28% larger at $335.85 a share on Thursday. The inventory has risen 5.9% since Oct. 28 closing, when Zuckerberg revealed the change in title.

Fb will change its inventory ticker from FB to MVRS, efficient Dec. 1.

See Additionally: Can Nvidia Attain A $1 Trillion Market Cap?

The funding agency purchased shares in Fb by way of the Ark Fintech Innovation ETF (NYSE:ARKF) on Thursday and in addition owns shares within the firm by way of the Ark Subsequent Technology Web ETF (NYSE:ARKW).

The 2 Ark Make investments ETFs had piled up 487,303 shares — estimated to be price $161.59 million — in Fb, forward of Thursday’s commerce.

See Additionally: Cathie Wooden Snaps Up $63.8M In Fb As Social Media Large Units Metaverse Ambitions

Listed here are a number of different key trades from Ark on Thursday:

  • Offered 1.79 million shares — estimated to be price $120.9 million — in Zillow Group Inc Class C (NASDAQ:Z). Shares closed 3.07% larger at $67.48 a share on Thursday after sinking a day in the past.
  • Offered 26,203 shares — estimated to be price $32.2 million — In Tesla Inc (NASDAQ:TSLA). Shares closed 1.32% larger at $1,229.91 a share.
  • Purchased 403,431 shares — estimated to be price $18 million — in DraftKings Inc (NASDAQ:DKNGS) on the day shares of the corporate closed 4.61% decrease at $44.68 a share.

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