Cathie Wood's ARK ETFs have published their daily trades for Wednesday, June 26th, 2024, revealing a mix of significant buys and sells across the technology and biotech sectors. Leading the sales was a substantial move away from TELADOC HEALTH INC (NYSE:TDOC), with a total of 913,759 shares sold, valued at approximately $8.9 million. This continues a selling trend for TDOC, as ARK has been reducing its position over the past week.
In the realm of communication technology, ARK also reduced its holdings in ZOOM VIDEO COMMUNICATIONS INC (NASDAQ:ZM) by 52,072 shares, amounting to a sale of around $3 million. This follows a series of sales in ZM stock over the recent trading days, indicating a possible strategic shift by the fund.
On the buying side, ARK showed a strong vote of confidence in ROKU INC (NASDAQ:ROKU), purchasing 127,540 shares with a total dollar value of nearly $7 million. This buy is part of a growing trend, as ARK has consistently increased its ROKU holdings throughout the previous week.
Another notable buy was in 10X GENOMICS INC (NASDAQ:TXG), where ARK acquired 399,912 shares, translating to an investment of over $7.8 million. This move reinforces ARK's bullish stance on the genomic space, as evidenced by their repeated purchases of TXG shares in recent days.
Among other significant trades, ARK bought 88,735 shares of INTELLIA THERAPEUTICS INC (NASDAQ:NTLA) for roughly $2.1 million and increased its stake in ADAPTIVE BIOTECHNOLOGIES CORP (NASDAQ:ADPT) by 90,295 shares, valued at over $300,000.
Smaller transactions included a buy of 78,693 shares of ABSCI CORP (NASDAQ:ABSI) and a sale of 3,278 shares of COINBASE GLOBAL INC (NASDAQ:COIN), with the latter amounting to approximately $726,000. Additionally, ARK sold off a minor position of 400 shares in VELO3D INC (NYSE:VLD) and 3,490 shares of EXACT SCIENCES CORP (NASDAQ:EXAS).
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