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FILTERED RESULTS
Morgan Stanley expects positive market reaction for UK power stocks following government reforms
Avanza sinks 6% as Danish expansion costs overshadow record Q1 profit
Spain’s trade deficit narrows 24% in Jan-Feb from same period a year ago
US dollar edges higher as Iran ceasefire deadline approaches
UK employers turn cautious after start of Iran war
Hims & Hers (HIMS) Stock: Extends Rally on FDA Peptide Optimism and Subscriber Growth
Bawag Plans Dividend Limit, SRTs to Help Fund Irish Deal
Indian Wind Turbine Giant Says Nation Set to Meet 2030 Target
Apple’s next chief John Ternus faces defining AI moment
Apple (AAPL) Shares Decline Following Tim Cook’s CEO Departure Announcement
Amazon (AMZN) Stock Surges on Massive $125 Billion Anthropic AI Deal
BOJ warns prolonged Mideast tensions could raise costs, corporate defaults
U.S.-Iran ceasefire deadline; Warsh confirmation hearings - what’s moving markets
Broadcom (AVGO) Stock: Climbs Toward $2 Trillion Milestone Amid AI Chip Competition Concerns
Iranian Tanker Enters Territorial Waters with Navy Support
ECB Vice President Calls for Caution on Interest Rates Amid Geopolitical Tensions
NVIDIA Faces Challenges to Long-Term Dominance Amid Increased Competition
Meta and CBRE Launch LevelUp Program to Train Fiber Technicians
Amneal Pharmaceuticals Adjusts Price Target Amid 2026 Guidance
US Stock Futures Edge Up as Traders Focus on Iran: Markets Wrap
IonQ Achieves Milestone in Quantum Networking Technology
Oracle Adjusts Fair Value Price Target Amid AI Growth and Market Pressures
Iranian TV Denies Reports of Delegation Arrival in Pakistan
Google (GOOGL) Stock: Boosts Chrome AI Reach with Gemini Launch in 7 Countries
Novel approach needed for UK’s sick and unemployed
BOJ TO HOLD RATE ON RATE HIKE IN APRIL:NIKKEI...
Apple (AAPL) Stock: Little Movement as Tim Cook Hands Leadership to Hardware Chief John Ternus
Apple Taps Johny Srouji For Chief Hardware Officer As John Ternus Prepares To Become CEO
Ukraine’s Richest Man Bought Monaco Flat for Record $550 Million
RaveDAO (RAVE) Crash: ZachXBT Claims Team Has Knowledge of Token Manipulation
OIL MARKET HAS EXPERIENCED A LOSS OF 1 BILLION BARRELS DUE TO WAR, SAYS TRAFIGURA'S RAHIM....
UN Agency Prepares Hormuz Evacuation Plan for Hundreds of Ships
Vanguard Expands Strategy (MSTR) Position to $255M Amid Massive Bitcoin Purchase
Coinbase Unveils Agent.market: The First Dedicated App Store for AI Agents
Senate CLARITY Act Markup Postponed to May Amid Stablecoin Yield Controversy
CHINA FOREIGN MINISTRY, ON JAPAN PM SENDING OFFERING TO WAR SHRINE: CHINA FIRMLY OPPOSES...
Tether Secures 8.2% Ownership in Bitcoin Mining Financier Antalpha
Ed Miliband unveils move to delink UK gas and electricity prices
Turkey’s Arcelik to Exit Hitachi Venture in $261 Million Deal
CHINA FOREIGN MINISTRY, ON IRAN WAR: HOPES RELEVANT PARTIES MAINTAIN MOMENTUM FOR CEASEFIRE...
Exclusive-US firm in key Congo minerals deal overstated its mining experience, documents and sources show
Musk bought $1.4B of SpaceX stock from employees, IPO filing shows
Arcelik stock gains on $205M stake sale to Hitachi
UK unemployment rate drops to 4.9% in February amid Middle East tensions
JAPAN SET TO INVITE PHILIPPINE PRESIDENT AS STATE GUEST: KYODO...
Ray Dalio Launches 'Digital Ray' AI Twin Built On Investing Rules, Says 'Algorithmic Decision-Making Is Coming'
Why Community Bank Accounts Must Pass the ‘Everyday Test’
The Concierge Model Comes to Bill Pay
The Spreadsheet Problem No One Talks About
Cathie Wood Going Cold On Big Tech? Ark Sells Nvidia, AMD, Meta And Google Stock — AI Darlings Get The Dump
On Thursday, Cathie Wood-led Ark Invest executed significant trades, focusing on reducing holdings in major tech companies. Among the prominent trades were the sales of shares in Meta Platforms Inc. (NASDAQ:META), NVIDIA Corp (NASDAQ:NVDA), Advanced Micro Devices Inc. (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), Broadcom Inc. (NASDAQ:AVGO), Alphabet Inc. (NASDAQ:GOOG), and Netflix Inc. (NASDAQ:NFLX). These trades reflect a strategic shift in Ark’s investment approach amid market fluctuations.
The Meta Platforms Trade
Ark Invest made a notable move by selling shares of Meta Platforms across multiple ETFs, including ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). The sales amounted to 76,622 shares, valued at approximately $42 million, based on the closing price of $547.54.
This decision comes amid challenges for Meta, including a $6 million verdict related to product liability and ongoing layoffs. The broader market weakness and rising energy costs also contribute to the pressure on ...
Source: Benzinga