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Benzinga

Business

Shivdeep Dhaliwal

Cathie Wood's Ark Dumps Block Stock Worth $4.8 Million As Bitcoin-Heavy Company Preps Q2 Results

Block ARK Bitcoin Block, Inc. The SP 500 Ark Invest XYZ Ira Lichi fintech ARKK

Russia,Moscow,24.06.2021,Logo,Of,Financial,Investing,Fund,Ark,Invest

Cathie Wood-led Ark Invest executed a significant trade in Block Inc. (NYSE:XYZ) on Tuesday. The move comes just days before the company’s much-anticipated second-quarter earnings, due on Thursday, and following its high-profile addition to the S&P 500. The move comes amid renewed excitement around Block’s innovative product launches and its growing presence in both the fintech and crypto sectors.

The Block Inc. Trade

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One subscription that gives you access to news from hundreds of sites

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