financetom
Business
financetom
/
Business
/
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024 2:31 AM

(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed.

A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF ( ARKF ), according to the email from late on Thursday.

That holding was worth $503,492 based on the stock's closing price for the day, according to Reuters' calculations.

Wood's flagship fund outperformed all U.S. equity funds in 2020, turning her into a household name among retail investors.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Country Garden delays 2023 annual results again
Country Garden delays 2023 annual results again
Aug 31, 2024
(Reuters) -China's largest property developer Country Garden ( CTRYF ) on Friday further delayed the release of its 2023 financial results, as it needed more time amid an ongoing debt restructuring. The firm had previously delayed the results in March, saying it needed more time to collect information for making appropriate accounting estimates and judgements. The Group will finalize and...
Market Chatter: Dell Technologies Trying to Find Buyer for SecureWorks
Market Chatter: Dell Technologies Trying to Find Buyer for SecureWorks
Aug 31, 2024
04:45 AM EDT, 08/30/2024 (MT Newswires) -- Dell Technologies ( DELL ) is trying to sell SecureWorks ( SCWX ) again following earlier failed attempts, Reuters reported Thursday, citing people familiar with the matter. The computer maker has engaged investment bankers at Morgan Stanley and Piper Sandler to explore takeover interest from potential buyers including private equity firms, the sources...
SIX Group explores options for financial information unit, sources say
SIX Group explores options for financial information unit, sources say
Aug 31, 2024
LONDON (Reuters) - Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging it with another player, according to three people with knowledge of the matter. The group wants to keep a majority stake in the business and may create a new legal entity for it, two of the people said, requesting anonymity...
Domo Appoints RJ Tracy Chief Revenue Officer
Domo Appoints RJ Tracy Chief Revenue Officer
Aug 31, 2024
04:21 AM EDT, 08/30/2024 (MT Newswires) -- Domo ( DOMO ) said late Thursday that RJ Tracy, its senior vice president of partners, strategic development and channel, will assume the role of chief revenue officer. The company said it appointed Chief Revenue Officer Jeff Skousen as president of worldwide sales and field operations, effective immediately. Price: 8.09, Change: +0.37, Percent...
Copyright 2023-2025 - www.financetom.com All Rights Reserved