TSLA - Cathie Wood's Ark Invest Sells $9.8M Worth Of Tesla Shares — Second Day Of Selling EV Giant In A Row | Benzinga
On Wednesday, Cathie Wood-led Ark Invest continued its trend of selling shares of Tesla Inc (NASDAQ:TSLA), disposing of nearly $10M worth. This marked the second consecutive day of such trades.
The Tesla Trade
On Wednesday, Ark sold 37,268 worth of Tesla shares through its flagship ARK Innovation ETF (NYSE:ARKK) fund. The transaction was valued at $9.8 million, based on the EV maker stocks’ closing price of $262.99.
A day earlier, Ark Invest sold 31,418 shares of the Elon Musk-led company, a move valued at over $8 million. The electric vehicle giant's recent performance has notably pulled Ark's ETFs higher, with Wood's $2,000 Tesla price target still in play.
See Also: Cathie Wood’s Ark Invest Bumps ...