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Cathie Wood continues to add shares of Skillz and Palantir

seeking alpha2021-05-06

  • Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies Inc.(NYSE:PLTR)to their actively managed exchange-traded funds. Yesterday, ARK Invest purchased over 3M shares of SKLZ and over 1.5M shares of PLTR.
  • Cathie Wood has added 2.7M shares of SKLZ to ARK Innovation ETF(NYSEARCA:ARKK)and 354K shares to ARK Next Generation Internet ETF(NYSEARCA:ARKW). SKLZ missed EPS by $0.02 and beat on revenue yesterday.
  • Examining PLTR, Wood added all shares right to ARKK, which now represents 1.48% of ARKK's holdings.
  • PLTR is also +116.00% since its launch back in September of 2020, but is now down nearly -52.00% since its all-time high back in January of this year.
  • Yesterday's Nasdaq sell off hit some growth ETFs, but Nasdaq futures are up so far +0.67% in pre-market trading.
  • ARKK is +1.54% in pre-market trading and closed yesterday at -3.10%.
  • ARKW is +1.69% in pre-market trading and closed yesterday at -2.71%.
  • SKLZ is +2.66% in pre-market trading and closed yesterday at -1.83%.
  • PLTR is +1.02% in pre-market trading and closed yesterday at -2.96%.
  • Cathie Wood's continued purchase of COIN shares now places ARK Invest with over $750M in total value in COIN versus all other ETFs combined, which essentially have $100M in total value.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment71

  • LeonardKSW
    ·2021-05-07
    Goodness sake
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  • LyndaQ
    ·2021-05-07
    I bought some shares of Palantir... Pls comment and like. Thanks 
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  • Sinjinling
    ·2021-05-06
    木頭姐就是一個託,誰信誰倒黴
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  • TheCSM
    ·2021-05-06
    Then why is PLTR dropping
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    • StylerzReplying toLyndaQ
      that's the way to go
      2021-05-07
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    • LyndaQ
      I bought some... [财迷]
      2021-05-07
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    • Stylerz

      so that you can buy cheap

      2021-05-06
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  • Terrorfredx
    ·2021-05-06
    Please commemt and like
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    • ShinyHead
      no comment no like
      2021-05-07
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  • 霹雳倍倍22
    ·2021-05-06
    阿姨瘋了
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  • LeonardKSW
    ·2021-05-06
    Useless stock0
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  • miaomee
    ·2021-05-06
    This is a great news. > < buy more please
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  • DaisyNguyen
    ·2021-05-06
    Like and comment 
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    • miaomee
      Please like and comment
      2021-05-06
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    • Wandakdash
      Swee
      2021-06-17
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  • Joker_Smile
    ·2021-05-06
    Just 1 like is enough..
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    • Joker_Smile
      swee. thanks.
      2021-05-06
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    • MJJJJ
      and a comment
      2021-05-06
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  • edamame
    ·2021-05-06
    Wow2
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  • AppleMango
    ·2021-05-06
    Pls response 
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    • AzriTan
      Ok
      2021-05-06
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    • Ivanhojh
      Thanks
      2021-05-06
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    • DaisyNguyen
      Reply Comment
      2021-05-06
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    View more 2 comments
  • Ryun83
    ·2021-05-06
    Wow
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    • Nix520
      ?
      2021-05-06
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    • DaisyNguyen
      Reply Comment
      2021-05-06
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  • Myname
    ·2021-05-06
    Like
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    • sengfuh
      Hi
      2021-05-06
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  • sengfuh
    ·2021-05-06
    Like
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    • sengfuh
      Hi
      2021-05-06
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    • Myname
      Hi
      2021-05-06
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  • HoldTheDoor
    ·2021-05-06
    Buy more
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  • GTig
    ·2021-05-06
    Like and comments pls
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  • Earthboii
    ·2021-05-06
    Like and comment pls
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    • GTig
      do the same
      2021-05-06
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  • Foodtech
    ·2021-05-06
    Like
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  • 冲冲高
    ·2021-05-06
    ?
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