TXG - Cathie Wood Continues On Roku Shares Selling Spree After Company's Q3 Revenue Jump — Ark Sells $21.1M Of Stock | Benzinga
On Monday, Cathie Wood’s Ark Invest made a series of strategic trades, with the sale of Roku shares standing out as the most significant transaction of the day.
The Roku Trade
Ark Invest’s decision to offload Roku Inc. (NASDAQ:ROKU) shares worth approximately $21.11 million. The Wood-led global asset manager sold 251,419 shares through its flagship ARK Innovation ETF (NYSE:ARKK). Roku shares closed 3.3% higher at $83.97 on Monday.
The sale comes after the company’s recent earnings report. The trade reflects Wood’s knack for timing and her firm’s response to market dynamics. For more insights into Roku’s performance and Ark’s investment decisions. Earlier in November, Ark sold $1.43 million worth of Roku shares shortly after the streaming device maker declared quarterly results, which saw third-quarter revenue exceeding expectations.
Other Key Trades: