Cathie Wood Invests in Peter Thiel-Backed Stock After IPO Success
Ark Invest made big trades buying Bullish shares and selling Shopify stock after market changes.
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Ark Invest purchased 2.5 million Bullish shares worth $172 million across three ETFs. Bullish is a cryptocurrency exchange backed by Peter Thiel that had a successful IPO. The stock opened at $90.45 and closed at $68, up 84% from its $37 IPO price.
At the same time, Ark sold $3.2 million of Shopify shares after the company reported strong quarterly results with 31% revenue growth.
Original Article
benzinga.comhttps://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/47111677/cathie-wood-pounces-on-peter-thiel-backed-bullish-stock-after-wild-ipo-surge-ark-buys-