Cathie Wood's ARK Buys ~500K Shares of Baidu (BIDU) Amid Archegos Margin Call Selling

March 29, 2021 9:06 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Cathie Wood's ARK Investment active ETFs bought 480,137 shares of Baidu (NASDAQ: BIDU) on Friday, which sold off aggressively before rebounding on the liquidation of stock held by Archegos Capital.

ARK discloses its trades daily M-F. The daily trades are not comprehensive lists of a day's trades for the ARK ETFs and exclude initial/secondary public offering transactions and ETF Creation/Redemption Unit activity. Wood is famous for her ultra-bullish call on Tesla and is regarded as having the hottest hand on the Street currently.

Below is a summary of trades from 03/26/21:

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

ETFs, Hedge Funds, Trader Talk

Related Entities

Tesla, ARK