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Page 3 of ARK news, latest stories & analysis
Cathie Wood: Tesla shares will be trading at $2,000 by 2027
Tesla Inc (NASDAQ: TSLA) may have missed Street estimates for revenue and taken a sizable hit to its gross profit margin in the first quarter (source), but none of it is sufficient to turn Cathie Wood any less bullish on this stock. Wood’s price target for Tesla stock By 2027,…
April 20, 2023
Is now the time to buy Scottish Mortgage Trust (SMT) shares?
Scottish Mortgage Investment Trust (LON: SMT) share price has been in a strong downward trend in the past few months. The stock dropped to a low of 640p, the lowest point since May 4. It has plunged by ~57% from its highest point in October 2021. The stock has underperformed…
April 4, 2023
Avoid Scottish Mortgage Trust (SMT) shares and buy this instead
Scottish Mortgage Investment Trust (LON: SMT) share price has severely lagged the FTSE 100 index in the past few months. Shares of the biggest investment trust in the UK were trading at 654p, the lowest level since March 2020. It has plunged by more than 58% from the highest point…
March 27, 2023
ARK Invest breaks Coinbase stock buying streak
Cathie Wood’s investment management firm ARK Invest on March 21, sold 160,887 Coinbase shares (NASDAQ: COIN) from its ARK Fintech Innovation exchange-traded fund (ARKF). The shares were sold for $13.5 million.The sale is the first sale of Coinbase stock by ARK Invest in 2023 following three months of active buying…
March 22, 2023
Cathie Wood’s Ark Invest makes another huge Coinbase shares purchase
Cathie Wood’s Ark Invest on Wednesday added another 213,519 Coinbase shares (NASDAQ: COIN) across two funds. The new purchase amounted to about $13 million.The new COIN shares acquisition brings the total amount of COIN shares that Ark Invest has purchased this month alone to over $30 million worth of COIN.Ark…
February 23, 2023
Nvidia issues upbeat guidance: ‘a lot of upside may be priced in’
Nvidia Corporation (NASDAQ: NVDA) gained nearly 10% in extended hours after reporting market-beating results for its fourth financial quarter. Pro shares his outlook on Nvidia stock Shareholders are also cheering the company’s encouraging guidance for the future. Nvidia expects its revenue to fall between $6.37 billion and $6.63 billion in…
February 22, 2023
Cathie Wood has been building stakes in two little-known stocks
Cathie Wood – the billionaire investor who recently called her flagship fund “the new Nasdaq” has been loading up on shares of the following two small-cap stocks in recent days.Velo3D Inc (NYSE: VLD)The first one that’s caught her eye is this Velo3D – a California-based provider…
February 9, 2023
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