• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Cathie Wood’s ARK Sells Zillow Stock a Day After Buying the Dip

by
November 5, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Text size

Cathie Wood

Courtesy Photograph

Exchange-traded funds under the ETF umbrella of investor Cathie Wood sold 3.9 million shares in the troubled online property company

Related Posts

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

Head scratcher: Analysts still see earnings rising this year even as the U.S. teeters on a recession


Zillow

on Wednesday, just a day after snapping up 288,813 shares.

Zillow (ticker: Z) announced Tuesday that it would end its business of buying and selling homes, citing an inability to accurately predict house prices. The company also reported third-quarter earnings and revenue that missed Wall Street’s expectations.

Zillow Offers, the company’s home-flipping program, had losses of more than $380 million in the third quarter.

According to the daily trades posted by the ARK funds, the

ARK Innovation ETF
(ARKK) sold 2,858,268 Zillow shares on Wednesday,

ARK Next Generation Internet ETF
(ARKW) sold 648,919 Zillow shares, and the

Ark Fintech Innovation ETF
(ARKF) sold 394,047.

Zillow closed Wednesday at $65.47, down nearly 25%, meaning Wood’s share sale totaled $255 million. It is up 2% in the premarket.

Only a day before, the


ARK Innovation ETF

had bought 288,813 shares, according to the daily ARK trades. The shares closed at $87.20.

Neither trading update from ARK provided any narrative explaining its investment decisions. Wood’s ARK Invest didn’t respond to requests for comment.

Write to Rupert Steiner at rupert.steiner@dowjones.com

Next Post

Peloton shares fall 25% as company posts wider-than-expected loss and slashes full-year outlook

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

by
June 29, 2022
0

Here are Wednesday's biggest calls on Wall Street: Barclays initiates Penn as overweight Barclays initiated several casino and gaming companies,...

Read more

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

Head scratcher: Analysts still see earnings rising this year even as the U.S. teeters on a recession

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

Bed Bath & Beyond replaces CEO in leadership shakeup as retailer’s sales plummet

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.