Cathie Wood’s Ark Invest has taken advantage of a recent dip in Tesla’s stock, acquiring over $17 million worth of shares ahead of the company’s first quarter results. At the same time, Ark Invest has decided to dump its holdings in Zoom stock.
The move by Ark Invest reflects their confidence in Tesla’s future performance, as they believe the stock price will rebound following the release of the company’s Q1 results. This strategic decision aligns with Cathie Wood’s overall investment philosophy of focusing on innovative and disruptive companies.
On the other hand, Ark Invest’s decision to sell off its Zoom stock signals a shift in their investment strategy. It is possible that they see more potential for growth and profitability in other companies, leading them to reallocate their resources accordingly.
Overall, Cathie Wood’s Ark Invest continues to make bold moves in the market, seizing opportunities to capitalize on market fluctuations and position themselves for success in the long term.