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Tuesday, May 30, 2023

Cathie Wood Watch: Buys Tesla, Roku, Coinbase, Gene-Editing Firm

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Renowned investor Cathie Wood, chief govt of Ark Investment Management, on May 25 purchased and offered some acquainted names.

All valuations beneath are as of Thursday’s shut.

For the third straight day, Ark funds bought shares of electric-vehicle titan Tesla  (TSLA) – Get Tesla Inc Report, this time 1,343 shares valued at $885,000.

Wood had offered Tesla shares for months, however she stated the gross sales mirrored profit-taking and that she nonetheless believed within the Austin firm.

Wood might even see Tesla inventory as a superb worth now, given its 38% drop 12 months up to now via Wednesday. An Ark spokeswoman stated the agency doesn’t touch upon day by day buying and selling exercise.

Source: www.thestreet.com

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