Cathie Wood's Ark Invest Buys $22 Million In Tesla Stock As Elon Musk Exercises $110.55 Billion In Options, Dumps Roku Shares Amid Fox Buzz
Ark Invest, led by Cathie Wood, made significant trades on Thursday, focusing on Tesla Inc. (NASDAQ:TSLA), Snowflake Inc. (NYSE:SNOW), and Roku Inc. (NASDAQ:ROKU).
The Tesla Trade
Ark Invest made a notable purchase of Tesla shares. Through the ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW), Ark acquired a total of 54,815 shares. With Tesla’s closing price at $400.49, this transaction is valued at approximately $22 million.
This move comes amid news of Tesla’s CEO, Elon Musk, exercising stock options worth $110.55 billion, as reported in a recent SEC filing. The stock closed up by 1.04% on Thursday.
The Snowflake Trade
The ARKK and ARKW ETFs purchased a total of 223,690 Snowflake shares, valued at approximately $52 million, based on Snowflake’s closing pri
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