Cathie Wood buys the dip
At a time when Block ($XYZ.US ) shares fell by about 6%, ARK Invest took advantage of the decline to snap up shares worth $21 million.
And the buying didn’t stop there; the company also added roughly $2.3 million in SpaceX ($SPCX ), which rebounded 6% after a sharp 13% drop in the previous session.
📌 The most important message:
Sharp pullbacks may be an opportunity to rebuild positions, not necessarily a sign to exit.
ARK’s moves are worth monitoring, especially when purchases come after strong declines.
#ArkInvest #Block #SpaceX #stocks #Investing
At a time when Block ($XYZ.US ) shares fell by about 6%, ARK Invest took advantage of the decline to snap up shares worth $21 million.
And the buying didn’t stop there; the company also added roughly $2.3 million in SpaceX ($SPCX ), which rebounded 6% after a sharp 13% drop in the previous session.
📌 The most important message:
Sharp pullbacks may be an opportunity to rebuild positions, not necessarily a sign to exit.
ARK’s moves are worth monitoring, especially when purchases come after strong declines.
#ArkInvest #Block #SpaceX #stocks #Investing