Cathie Wood's Ark Sits Out Thursday's Dip In Favorite Stocks

Popular stock picker Cathie Wood's Ark Investment Management on Thursday stayed away from buying more shares in favorite stocks on the dip.

The St. Petersburg, Florida-based Ark Invest’s daily data revealed a total of seven trades and none of them were among the top constituents in any of its actively-traded exchange funds. 

The investment firm counts Tesla Inc TSLA among its top bets and has forecast the stock would hit the $3,000 mark by 2025.

Tesla shares closed 2.4% lower at $838.3 a share on Thursday. The stock is down 30% so far this year.

Ark Invest also counts Coinbase Global Inc COIN among top constituents and has been piling up shares in the exchange that enables trading in Bitcoin BTC/USD and other cryptocurrencies. 

See Also: Cathie Wood's Ark Is Now Completely Out Of Palantir — Selling Over 30 Million Shares In 1 Month

Coinbase shares closed 3.3% lower at $172.9 a share on Thursday.

Block Inc SQ, Teladoc Health Inc TDOC, and Zoom Video Communications Inc ZM are all stocks that Ark Invest has been piling up on the dip. Shares of these companies closed lower 2.7%, 9% and 5.3%, respectively, on Thursday.

Here’s a list of what Ark Invest bought and sold on Thursday:

• Bought a small number of shares in Stratasys Ltd SSYS, Adaptive Biotechnologies Corp ADPT, Codexis Inc CDXS, ATAI Life Sciences NV ATAI and Joby Aviation Inc JOBY  on the dip.
• Sold 28,431 shares in Cellectis SA CLLS.