Cathie Wood profits again from hot AI stock Palantir and continues to sell off big shares amid Bitcoin craze – ARK Innovation ETF (ARCA:ARKK)

Thursday, Kathy Wood-Lead Ark Investment Significant transactions were made involving Palantir Technologies PLTR. and Bullock Corporation square number. Notably, the company also sold shares in both companies before Christmas.

Palantir Trading

Ark Invest decides to sell 103,410 shares Palantir Technologies through its ARK Innovation ETF alke. The sale, valued at approximately $8.5 million based on Palantir’s closing price of $82.14, is in line with Ark’s recent trend of reducing its holdings in Palantir.

Palantir’s stock price has surged, up more than 380% since the beginning of the year, driven by its strong position in artificial intelligence. The gains gained momentum in November after the company’s impressive quarterly results highlighted strong demand for artificial intelligence solutions.

block trade

In another strategic move, Ark Invest sold 15,342 shares Bullock Corporation from alke. Based on Block’s closing price of $91.48, the transaction is worth approximately $1.4 million. Block (formerly Square) has been a key player in the digital payments space and has Bitcoin Bitcoin/USD focus. Bitcoin has been in the spotlight as the leading cryptocurrency has been hitting all-time highs this year. For more information on Ark’s recent trading activity, visit Benzinga’s report.

See Also: Bitcoin, Ethereum Rally, Dogecoin Slip Amid Positive Christmas Sentiment: Analysts Warn Bitcoin May Target $110,000 Only When…

Other major transactions:

• GitLab Inc.: Ark Invest purchased 219,606 shares through Ark Invest alke.
• CRISPR Therapeutics Company: Ark purchased 57,889 shares through Ark alke.
• Adaptive Biotechnology, Inc.: Ark of the Covenant sold 75,957 shares arkg.

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This story was generated using Benzinga Neuro and published by Sivdeep Dhaliwal