Stock Groups

Cathie Wood’s ARK buys a million Twitter shares after Dorsey steps down -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. Cathie, the CEO and founder of ARK Investment Management LLC speaks at the Skybridge Capital New York 2021 conference, New York City (U.S.A), September 13, 2021. REUTERS/Brendan McDermid/File Photo

(Reuters) – Cathie Wood’s ARK Investment Management purchased more than a million shares Twitter Inc (NYSE:) A day after Jack Dorsey’s resignation as chief executive of the social media site.

According to the company’s daily trade reports, ARK purchased 1.1million Twitter shares in a transaction worth $48.9million at Tuesday’s closing value of $43.94, The shares had dropped 3.4% since opening lower.

After Parag Agrawal was appointed CEO by the company as its tech chief, shares were down 2.7%.

Ark also purchased 837,248 shares from an online brokerage company on Tuesday Robinhood Markets Inc (NASDAQ) valued at $21.7 Million. The company had bought 915,063 shares the day before, taking advantage of a pullback.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]