Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Key PointsCathie Wood added to her stakes in Eli Lilly, Block, and Coinbase on Wednesday.Ely Lilly is posting stellar growth on the strength of its GLP-1 treatments. Block and Coinbase are faring considerably worse, with crypto bets failing to work out -- for now.10 stocks we like better than Eli Lilly › After four trading days of selling -- outside of getting in on last week's record-setting initial public offering (IPO) -- Ark Invest co-founde…

ARK Invest Buys $18.4 Million in Coinbase Shares Across Three ETFs

ARK Invest purchased $18.4 million in Coinbase shares across three ETFs, signaling another notable institutional move tied to a major crypto exchange stock.

Ark Invest buys $18.4M in Coinbase shares, trims Robinhood

Cathie Wood’s Ark Invest has purchased $18.4 million worth of Coinbase shares across three ETFs, even as the crypto exchange’s stock has fallen nearly 13% over the past month. According to Ark Invest’s Wednesday trading disclosure, the investment firm acquired…

Coinbase Gains Attention as Ark Invest Pivots — What Does This Mean for the Market?

Today, Cathie Wood’s Ark Invest made headlines by acquiring $18.4 million in Coinbase shares while simultaneously offloading $29 million in Robinhood stock across its ETFs. This strategic move underscores a notable shift in institutional investment strategies, as highlighted by Cointelegraph’s report. Such actions could indicate growing confidence in Coinbase amidst evolving market conditions and investor sentiment. Market Snapshot The broader c…

Cathie Wood’s ARK Invest Buys $18.4M in Coinbase Stock as COIN Rebounds

Cathie Woods ARK Invest has strengthened its position in Coinbase (NASDAQ: COIN), purchasing more than $18 million worth of shares after the cryptocurrency exchanges stock declined during the previous trading session. The move signals continued confidence in Coinbases long-term growth prospects despite mixed opinions from Wall Street analysts. Coinbase stock closed at $164.92 on June 17, down 2.57% for the day. Taking advantage of the pullback, …