Cathie Wood’s Ark Invest boosts investment in Intellia Therapeutics, which has laid off more than a quarter of its employees – ARK Genomic Revolution ETF (BATS:ARKG), Adaptive Biotechnologies (NASDAQ:ADPT)

Kathy Wood-Lead Ark Investment There were significant trades at five major companies on Friday: Return to pharmaceutical company receive receive, lighting company ILMN, Intellia Therapeutics NTLA, Yunyao Company netand Adaptive Biotechnology, Inc. ADPT.

RXRX trading

Ark Investment ARK Innovation ETF alke Bought a block of 264,596 shares of Recursion Pharmaceuticals.

Based on the closing price of $6.88, the transaction is valued at approximately $1.82 million. The move occurred despite RXRX shares closing down 5.23% on Friday.

ILMN Trade

Ark Investment Genetic Revolution ETF arkg and ARK Innovation ETF both bought shares of Illumina Inc.

ARKG acquired 4,038 shares and ARKK acquired 11,425 shares. Based on the closing price of $136.69, the total value of these transactions is approximately $1.97 million.

The move came despite Illumina’s shares closing down 2.14% on Friday.

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NTLA Trade

Ark Invest’s Genomic Revolution ETF and ARK Innovation ETF both bought shares of Intellia Therapeutics.

ARKG acquired 41,503 shares and ARKK 124,799 shares.

Based on a closing price of $10.2, the total value of these transactions is approximately $1.46 million. The move came despite NTLA shares closing down 15.14% on Friday.

Intellia Therapeutics announced on Friday that it would lay off 27% of its workforce to cut costs.

Internet trading

Ark Invest’s Next Generation Web ETF (ARKW) sold 7,840 shares of Cloudflare stock.

Based on the closing price of $112.62, the transaction is valued at approximately $882,608. The move came despite NET’s shares closing down 2.66% on Friday.

ADPT Trade

Ark Invest’s Genomic Revolution ETF sold 130,790 shares of Adaptive Biotechnologies.

Based on the closing price of $6.50, the transaction is valued at approximately $850,135. The move came despite ADPT shares closing down 2.84% on Friday.

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Photo courtesy: Ark Investment