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Zenger
Zenger
Business
Shanthi Rexaline

Cathie Wood’s Ark Invest Offloads More Of Tesla As Stock Gets Closer To $300 Mark

ARK Tesla Inc. Cathie Wood Ark Invest
Cathie Wood, the CEO and CIO of Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Ark Invest is currently selling a large number of Tesla shares. (Photo by Marco Bello/Getty Images)

Cathie Wood’s  Ark Invest continued its Tesla, Inc. (NASDAQ:TSLA) selling spree as the stock continued its upward trajectory.

Ark Invest, through its Ark Next Generation Internet ETF (NYSE:ARKW) sold 28,267 shares of Tesla on Wednesday, daily trade disclosure from the firm showed. The sale would have fetched Ark $7.99 million based on the stock’s closing price of $282.48 in the session.

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