Cathie Wood's ARK Invest continued its recent trend of selling Tesla Inc. (TSLA) shares, offloading 37,878 shares on Friday, December 5th, for a total of approximately $17.2 million. The sale was executed through the firm's flagship ARK Innovation ETF (ARKK) and follows a pattern of consistent selling of the electric vehicle maker's stock by ARK throughout the preceding week. This move by a prominent and historically bullish investor in Tesla is noteworthy for the market. While the sale represents a fraction of ARK's total holdings in the company, the consistent nature of the selling could signal a strategic rebalancing or profit-taking. On the same day, ARK made significant purchases in other technology companies, including Baidu and The Trade Desk. There was no specific market reaction analysis available regarding this particular series of sales.
Cathie Wood's ARK Invest Continues Selling TSLA, Sells Additional $17.2 Million in Shares
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