Cathie Wood’s ARK exchange-traded funds purchased nearly 1.05 million shares of
on Tuesday, before the social media company reported that third-quarter revenue jumped 37% from a year earlier.
ARK Innovation ETF
purchased 948,826 shares of
ARK Next Generation Internet ETF
bought 97,718 shares, according to the daily trades posted by the ARK funds. Twitter closed Tuesday at $61.43, down 1.1%.
The stock was rising 1.9% in premarket trading Wednesday to $62.59 after Twitter (ticker: TWTR) said revenue and monthly active users rose and the impact of Apple‘s (AAPL) advertisement-tracking change on its sales was lower than it anticipated.
The ARK Innnovation ETF and the
Ark Fintech Innovation ETF
also bought a combined 625,995 shares of
(HOOD), which was falling 10.8% in premarket trading to $35.30 after reporting that more users left the app or sold off their holdings than opened new accounts in the latest quarter.
Three of the funds managed by Wood sold a combined 127,615 shares of
(TSLA) on Tuesday. Shares of the electric vehicle giant declined 0.6% on Tuesday after soaring Monday on news that
Write to Joe Woelfel at [email protected]