Cathie Wood-led Ark Investment Management on Thursday snapped up 1.2 million shares of the mobile gaming company Skillz Inc (NYSE:SKLZ), its biggest trade of the day among a total of two dozen stocks that it bought and sold during the day.
The investment firm deployed the $ARKK to buy 1,222,207, shares estimated to be worth about $20 million based on Skillz Thursday close of $16.57.
The shares of the company, which was Benzinga’s “Prep Stock Of The Day” on Thursday, closed 1.13% lower on Thursday but were up 7.24% in the after-hours.
Skillz shares reached their all-time high of $46.30 on Feb. 10 but have been since on a downturn amid short-seller allegations. This week the stock made a breakaway signaling a bottom may have been found.
Two of the New York-based investment firm’s flagship funds bought 250,471 shares, in total, of the cryptocurrency exchange $COIN (Coinbase Global Inc), worth about $7.35 million on Thursday’s dip.
Coinbase shares have been falling since its blockbuster debut a week ago and have come below the $300 levels after touching its all-time high of $429.54. Shares fell 5.92% to $293.45 on Thursday and were further down 1.69% in extended hours.
ARKK bought 195,097 COIN shares representing about 0.25% of the ETF. The $ARKW bought 55,374 COIN shares representing about 0.24% of the ETF.
The investment firm also sold 401,748 shares of the payments company $SQ (Square, Inc.), estimated to be worth $98.45 million as per Thursday’s close price.
Square is among Ark’s top three holdings.
ARKK sold 333,316 shares of Square representing 0.35% of the ETF and ARKW sold 68,432 shares representing 0.25% of the ETF.
The investment firm’s ARKW ETF sold 43,300 shares of the online signature services company $DOCU (DocuSign Inc), representing 0.14% of the ETF worth about $9.5 million as of its Thursday’s close.
ARKW sold 7,200 shares of the online payment company $PYPL (PayPal Holdings), representing about 0.03% of the ETF.
PayPal shares closed 0.99% lower at $262.27 on Thursday. It has a 52-week high of $309.14 and low of $109.91.
Other Ark Buys On Thursday:
Recursion Pharmaceuticals (NASDAQ:RXRX)
$IONS (Ionis Pharmaceuticals)
908 Devices (NASDAQ:MASS)
Iridium Communications (NASDAQ:IRDM)
$DKNG (Draftkings Inc)
Beam Therapeutics (NASDAQ:BEAM)
Jaws Spitfire Acquisition (NYSE:SPFR)
$NIU (Niu Technologies)
$DDD (3D Systems Corp.)
$0700.HK (Tencent)
$PDD (Pinduoduo Inc)
$OKTA (Okta Inc)
Other Ark Sells On Friday:
$TREE (LendingTree Inc)
Phreesia (NYSE:PHR)
Pluristem Therapeutics (NASDAQ:PSTI)
Syros Pharmaceuticals (NASDAQ:SYRS)
$TMO (Thermo Fisher Scientific Inc)
$PCAR (Paccar Inc)
$ROKU (Roku Inc)
$NVDA (NVIDIA Corporation)
$HUBS (HubSpot)
Pure Storage Inc (NYSE:PSTG)
source: Source:
www.benzinga.com/markets/cryptocurrency/...in#.YIKC_88zga4.link
by @jolocastaneda
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