Cathie Wood's ARK Buys Over 5M Shares of Skillz (SKLZ), Nearly 3M Shares of IPO UiPath (PATH)
Get Alerts SKLZ Hot Sheet
Join SI Premium – FREE
Cathie Wood's ARK Investment active ETFs added over 5 million shares of Skillz (NYSE: SKLZ) on Wednesday. In addition, the firm bought a new ~2.74 million share position in today's IPO UiPath Inc. (NYSE: PATH), among other purchases.
ARK's buying in the open market of these two stocks was clearly felt in the market today, with shares of SKLZ rising 33.6% and PATH rising 23%.
On the sale side, the firm sold another 163,981 Tesla (NASDAQ: TSLA) shares, among other sales.
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 04/21/21:
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla expands price cuts to China, Germany after reducing FSD cost; shares down
- Tesla (TSLA) To Cut 14% Of Workforce At Buffalo Plant: Warn Notice - Bloomberg
- Tesla (TSLA) erases gains, drops to $140 again
Create E-mail Alert Related Categories
ETFs, Hedge Funds, Trader TalkRelated Entities
Tesla, IPO, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!