Cathie Wood's Ark Laps Up $3.3M Worth Of Tesla As Stock Falls For 3rd Straight Session, Sheds Shares Of This Sports Betting Company
Cathie Wood's Ark Laps Up $3.3M Worth Of Tesla As Stock Falls For 3rd Straight Session, Sheds Shares Of This Sports Betting Company
Tesla, Inc. (NASDAQ:TSLA) shares settled lower for a third session on a trot on Tuesday amid worries over a potentially dismal quarter and also rumors of a strategic shift in its product pipeline plans. Undeterred by the predicament, Ark Invest run by Tesla bull Cathie Wood was a buyer of the weakness.
What Happened: Ark, through its ARK Innovation ETF (NYSE:ARKK), ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) and ARK Next Generation Internet ETF (NYSE:ARKW), bought 20,683 shares of Tesla on Monday valued at $3.25 million. The stock settled the session down 2.71% at $157.11, according to Benzinga Pro data.
Intraday, the stock dropped as much as 4.8% to a low of $153.75 before recouping some of the losses.
Tesla is now the top holding of the firm's flagship – the ARKK exchange-traded fund, accounting for 9.83% of the portfolio based on the value of the shares. The fund currently holds 4,028,071 Tesla shares valued at $650.45 million.
Why It's Important: Tesla's shares are expected to be highly volatile over the next few sessions until the company releases its first-quarter results. Sell-side firms have been trimming their estimates and price targets for Tesla ever since it reported first-quarter deliveries miss in early April.
Rumors of putting the development of the sub-$30,000 EV on hold and the massive layoffs the company announced this week did little to improve sentiment.
Since Friday, the stock has lost a little over 10%, with the sell-off also a function of the broader market turmoil. Over these sessions, the company's market cap eroded by about $56 billion.
Tesla is scheduled to report its first-quarter results on Tuesday. Analysts, on average, expect the company to report earnings per share of 53 cents on revenue of $22.61 billion, according to Benzinga Pro data. This compares to the year-ago earnings of 85 cents per share and revenue of $23.33 billion.
Other Trades:
Wood's Ark also added 58,243 shares of cancer genomic test and analytics company Personalis, Inc. (NASDAQ:PSNL) and 78,112 shares of Blade Air Mobility, Inc. (NASDAQ:BLDE).
On the other hand, it sold 285,524 shares of sports-betting company DraftKings Inc. (NASDAQ:DKNG) and 3,436 shares of industrial equipment conglomerate Caterpillar, Inc. (NYSE:CAT).
On Tuesday, Goldman Sachs analyst Ben Miller initiated coverage on DraftKings with a Buy rating with a $60 price target.
特斯拉公司（納斯達克股票代碼：TSLA）股價週二連續第三個交易日收低，原因是擔心季度可能出現慘淡，還有傳言稱其產品管道計劃將發生戰略轉變。特斯拉多頭凱西·伍德經營的方舟投資沒有受到困境的阻礙，是弱勢的買家。
發生了什麼：方舟週一通過其方舟創新ETF（紐約證券交易所代碼：ARKK）、方舟自主科技與機器人ETF（芝加哥期權交易所：ARKQ）和方舟下一代互聯網ETF（紐約證券交易所代碼：ARKW）購買了20,683股特斯拉股票，價值325萬美元。根據Benzinga Pro的數據，該股收盤下跌2.71％，至157.11美元。
盤中，該股下跌了4.8％，至153.75美元的低點，然後收復了部分損失。
特斯拉現在是該公司旗艦——ARKK交易所交易基金的最大持股，按股票價值計算，佔投資組合的9.83％。該基金目前持有4,028,071股特斯拉股票，價值6.5045億美元。
爲何重要：在特斯拉公佈第一季度業績之前，預計特斯拉的股票將在未來幾個交易日保持高度波動。自特斯拉在4月初公佈第一季度交付量下降以來，賣方公司一直在下調對特斯拉的預期和目標股價。
關於暫停開發價值低於3萬美元的電動汽車的傳聞以及該公司本週宣佈的大規模裁員並沒有改善市場情緒。
自週五以來，該股已經下跌了10％以上，拋售也是整個市場動盪的結果。在這些交易日中，該公司的市值減少了約560億美元。
特斯拉計劃於週二公佈其第一季度業績。根據Benzinga Pro的數據，分析師平均預計該公司公佈的每股收益爲53美分，收入爲226.1億美元。相比之下，去年同期的每股收益爲85美分，收入爲233.3億美元。
其他行業：
伍德方舟還增加了癌症基因組測試和分析公司Personalis, Inc.（納斯達克股票代碼：PSNL）的58,243股股票和Blade Air Mobility, Inc.（納斯達克股票代碼：BLDE）的78,112股股票。
另一方面，它出售了體育博彩公司DraftKings Inc.（納斯達克股票代碼：DKNG）的285,524股股票和工業設備集團卡特彼勒公司（紐約證券交易所代碼：CAT）的3,436股股票。
週二，高盛分析師本·米勒開始對DraftKings進行報道，評級爲買入，目標股價爲60美元。
譯文內容由第三人軟體翻譯。
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