Short summary of Ark trades for 8/16/2021
Ark invest continue to increase their holding for palantir following a good earning report,draftking following its acquisition of golden nugget as well as zy after its stock price drop abt 70percent due to its earning and also zillow .It has continue to decrease their holding in pluristem ,tencent and alibaba(china related stocks). One important thing to note that Ark has completely sell all of its Tencent stock in ARKK ETF ,ARKX ETF,ARKW,ARKQ ETF,judging from yesterday shares in ARKF ,ark invest may be planning to sell its Tencent shares in ArkF. Ark has also sold all of its ke holdings stock in its ETF.This could be a good start to initiate position in chinese company for those risk taker.
One notable stock for the day…
Tencent Holding Ltd
Tencent Holdings Limited is an investment holding comtpany.