Ark Invest has sold millions of dollars worth of shares in Coinbase, Nvidia, and Robinhood.
This delisting is despite strong earnings from these companies.
Cathie Wood’s investment management business, Ark Invest, has sold shares of Coinbase (COIN), Nvidia (NVDA), and Robinhood (HOOD). This selling pattern is happening in spite of these stocks soared to new highs after reporting better-than-expected earnings.
The firm has sold over $12 million worth of Coinbase shares, $4 million worth of Nvidia shares, and $3 million worth of Robinhood shares in the past week. It sold a total of 72,242 Coinbase shares, 5,067 Nvidia shares, and 332,394 Robinhood. Although the prices of all these stocks have seen a 30% surge in one month.
Coinbase, the largest cryptocurrency exchange in the US, reported strong earnings for the fourth quarter of 2023, beating analysts’ expectations. The corporation reported sales of $905 million in the final quarter of 2023, up by more than fifty perce
We współpracy z: https://thenewscrypto.com/ark-invest-sells-coinbase-nvidia-robinhood-shares-amid-rally/
