Palantir and Shopify shares both made dramatic moves in Thursday's session, and Cathie Wood's Ark Investment used those to tweak its positions.
Palantir Technologies Inc. and Shopify Inc. shares both made dramatic moves in Thursday’s session, and Cathie Wood’s Ark Investment used those to tweak its positions.
The flagship ARK Innovation ETF ARKK added about 525,000 shares of Palantir on the day, worth $7.9 million based on Thursday’s closing prices. The ARK Fintech Innovation ETF ARKF bought up about 58,000, worth roughly $874,000, while the ARK Next Generation Internet ETF ARKW purchased about 89,000 shares, worth just over $1.3 million.
That amounted to $10.7 million in sales based on Thursday’s closing price. ARK doesn’t disclose the average prices at which it makes its transactions.
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