Cathie Wood's ARK Invest sells nearly $60 million in Robinhood and Roku after sharp rallies

Corporate Action
โดย TheStreet·Read original
Summary · why it matters

Cathie Wood's ARK Invest sold nearly $60 million worth of Robinhood and Roku shares on June 18, locking in profits after both stocks surged on separate catalysts. The firm sold 275,572 Robinhood shares worth $26.65 million through the ARK Innovation ETF, following the company's announcement of a 10% workforce reduction that lifted the stock. ARK also sold 239,267 Roku shares worth about $33.01 million across three ETFs after Fox agreed to acquire Roku in a $22 billion deal at $160 per share, pushing the stock near the takeover price and reducing further upside. The proceeds were rotated into new positions, including $46.18 million in Eli Lilly shares through the ARK Genomic Revolution ETF after the drugmaker acquired 4E Therapeutics, and $18.92 million in Coinbase shares as the company expands beyond crypto trading. ARK also bought $17.68 million of Block shares and smaller biotech positions, while Tesla remained the ARK Innovation ETF's largest holding at 9.50%.

Impact on stocks 7

Digital Finance & Tokenization▲ · 3 stocks
Robinhood Markets Inc
HOOD
± MixedCapitalrelevance

ARK sold Robinhood shares after a rally driven by workforce reduction; no direct impact on company fundamentals.

Coinbase Global Inc
COIN
▲ PositiveDemandrelevance

ARK Invest bought Coinbase shares as the company expands beyond crypto trading.

Block, Inc
XYZ
▲ PositiveCapitalrelevance

ARK Invest bought Block shares, indicating positive sentiment.

Communication Services▲ · 1 stocks
Roku Inc
ROKU
▲ PositiveCapitalrelevance

Fox agreed to acquire Roku at $160 per share, pushing stock near takeover price.

Biotech & Genomic Medicine▲ · 1 stocks
Eli Lilly and Company
LLY
▲ PositiveCapitalrelevance

ARK Invest bought Eli Lilly shares after the drugmaker acquired 4E Therapeutics.

Space Economy▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
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