Cathie Wood’s Ark Invest went on yet another buying spree on Friday with stocks taking a major limelight. The firm’s top picks for the day resided in Meta (META) and Palantir (PLTR). Both these stock buys align with Ark’s overall buying strategy.
Ark Invest Buys Meta (META) Stock
On Friday, Ark continued its Meta buying binge even though the stock bounced back and ended the day 0.43% higher. The company purchased 13,494 shares of Meta for $5.98 million.
Ark also purchased shares of Meta Platforms, Inc. (NASDAQ: META) in two sessions after the social networking behemoth revealed its quarterly financial results.
In response to its cautious sales outlook for the second quarter and remarks about significant investment in artificial intelligence, the Meta stock finished 10.56% lower on Thursday. On Thursday, Ark added 27,961 Meta shares valued at $12.34 million through its Ark Innovation ETF (NYSE: ARKK), ARK Next Generation Internet ETF (NYSE: ARKW), and ARK Fintech Innovation ETF (N
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