Cathie Wood's Monday Maneuvers: Ark Invest Continues To Offload Robinhood And Palantir Shares

Benzinga Neuro

September 16, 2024

On Monday, Cathie Wood-led Ark Invest made significant trades, with Robinhood Markets Inc (NASDAQ:HOOD) and Palantir Technologies Inc (NYSE:PLTR) being the most prominent.

The HOOD Trade: Ark Invest’s Ark Fintech Innovation ETF (NYSE:ARKF) fund sold 18,961 shares of Robinhood in a trend that continues from the previous week. This move follows Robinhood’s recent agreement to a $3.9 million settlement with California’s Department of Justice over its past ban on Bitcoin (CRYPTO: BTC) cryptocurrency withdrawals.

Despite this, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on Robinhood’s closing price of $22.21 on the same day, the value of the trade is approximately $421,123.

The PLTR Trade: Ark Invest’s ARK Innovation ETF (NYSE:ARKK) fund sold 4,407 shares of Palantir. The firm had been offloading Palantir shares last week as well.

This sale after Palantir’s stock soared by 14.08% following the announcement that the company . Based on Palantir’s closing price of $36.31 on the same day, the value of the trade is approximately $160,018.

Other Key Trades:

Ark Invest’s ARKG fund bought shares of Guardant Health Inc (GH).
Ark Invest’s ARKG fund sold shares of Veracyte Inc (VCYT). Ark Invest’s ARKK fund bought shares of Shopify Inc (SHOP).
Ark Invest’s ARKK fund sold shares of Roku Inc (ROKU). Ark Invest’s ARKQ fund sold shares of Materialise NV (MTLS).

Read Next:

Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Recommended

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

This $2 Stock Outshines Historic Gold Rally! - Ad

Financial Nightmare Coming After Election - Ad

NVDA, TMUS, VVOS, SOFI, TSLA are the top trending stocks on Wednesday.

Mideast Tensions latest: Gold Apollo says a Budapest company made exploding pagers under its brand

Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the but that another company based in Budapest manufactured them.

Buffett's Big A.I. Secret (Handle With Care)

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown

ATLANTA (AP) — Democratic U.S. Sen. Jon Ossoff of Georgia said Wednesday he wants Congress to have more control over selecting the U.S. postmaster general after a mail-service breakdown in his state.

Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Makes Final Call, Says This Person Will Be 'Next President Of The United States'

A famous election forecaster has made their final prediction on who will win the 2024 presidential election.

President Trump and Elon Musk Issue Stark Warning

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Flames from massive pipeline fire near Houston subside but continue burning

DEER PARK, Texas (AP) — A flame that towered over a southeast Houston suburb had subsided Tuesday, but continued to burn following after a vehicle drove through a fence and struck an above-ground valve, officials said.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

ROME (AP) — U.K. Prime Minister is meeting Italian in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb .

2024 Oil Boom

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Jeff Bezos Had A Habit Of Keeping An Empty Chair For The Most Important Person In The Room At Company Meetings: This Strategy Helped The Amazon Founder Build The E-Commerce Giant We Know Today

Jeff Bezos built Amazon into an e-commerce giant by prioritizing customer satisfaction, symbolized by an empty chair in meetings representing "The Customer" as the most important person, which has significantly contributed to the company's success.

Why Intuitive Machines' Stock Is Blasting Off In Extended Trading

Intuitive Machines shares are blasting higher in extended trading Tuesday after the company announced it was awarded a NASA contract.

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double - Ad

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

Point72's Steve Cohen Ends 40-Year Run As Trader, Will Continue At Hedge Fund To Advise

Steve Cohen, billionaire hedge fund founder, steps away from trading for Point72 to focus on mentoring and firm growth. His net worth is $14.7B.

Trump Vs. Harris: Vice President's Strong Debate Showing, Taylor Swift Endorsement Do Not Move Needle On Her Poll Numbers As Pollster Cites This Reason

Strong debate performance hasn't translated to strong voter preference for Vice President Kamala Harris, according to a new poll.

The "Amazon Coin" -- To Be Bigger Than Bitcoin?

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Amazon is requiring workers to be in the office five days a week starting next year

is reverting to its pre-pandemic policy and will require corporate employees to be five days a week starting next year, CEO Andy Jassy said Monday.

OnlyFans Beats Apple, Google, Netflix, And Other Big Tech Companies In Revenue Per Employee: Here's The Down Low

Content-sharing platform OnlyFans has come out on top against big tech companies like Apple Inc., Alphabet Inc.'s Google, Netflix Inc., and others in terms of revenue generation per employee.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Russian President Says Ukraine's Use Of Long-Range Missiles Would Signal That US And NATO 'Are At War With Russia'

Russia, the world's largest nuclear power, is currently revising its nuclear doctrine and considering curbs on major commodity exports.

Turkey's Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Turkey's intelligence chief met with Hamas in Ankara to discuss Gaza ceasefire negotiations, as Turkey denounces Israel's assault and conducts intensive diplomacy.

Discover the $2 Stock That Has Institutional Attention

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada

RENO, Nev. (AP) — A probate court in Nevada is set to begin reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death.

Harris Vs. Trump: Vice President On Top By Three Points, How Her Lead Compares To The 2020 Election At This Point In Race

A new 2024 election poll of likely voters shows a three-point lead for Kamala Harris. There is good and bad news from the poll for the vice president.

Could You Retire on a Single AI Stock (Trading for Only $15)?

Could You Retire on a Single AI Stock (Trading for Only $15)? - Ad

Imagine what the perfect AI stock would look like...forefront of AI trend...virtual monopoly in its market... exempt from federal taxes. As you're about to see, this perfect AI stock does exist, and is currently trading for only $15. With just one investment, you could potentially set yourself up for massive financial gains.

US widens indictment of Russians in 'WhisperGate' conspiracy to destroy Ukrainian and NATO systems

BALTIMORE (AP) — The U.S. Justice Department has widened its indictment of Russians in the so-called ‘WhisperGate’ malware attack aimed at destroying computer systems in Ukraine and 26 NATO allies including the United States.

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

10 worst performing large-cap stocks last week: RTO, ALLY, MRNA, HUM, TSN, BEKE, ADBE, RYAAY, JPM, DVN. Consider impact on your portfolio.

Collect 10%+ Dividends From AI's Explosive Growth?

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

No 'Razzle-Dazzle' With Latest iPhone, But Apple Wowed With These 2 'Glowtime' Announcements, Says Gurman

Apple, Inc. unveiled iPhone 16 at the Glowtime event last week did not live up to the hype but it made up for some of the disappointment with its hearing aid and health upgrades, said Bloomberg's Mark Gurman on Sunday.

An ancient African tree is providing a new 'superfood' yet local harvesters are barely surviving

Since childhood, Loveness Bhitoni has collected fruit from the gigantic baobab trees surrounding her homestead in to add variety to the family’s staple corn and millet diet. The 50-year-old Bhitoni never saw them as a source of cash, until now.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL)

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Elon Musk's SpaceX Launches 90th Mission In 2024, With Over A Third Of Launch Target Still To Go

Elon Musk's rocket manufacturing company SpaceX has launched its 90th launch mission for the year, the company said on Tuesday.

Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown

BUENOS AIRES, Argentina (AP) — Libertarian of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country's chronic fiscal deficit and signaled a new phase of confrontation with lawmakers.

America Can't Afford a Harris Presidency

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

TransDigm, BJ's Wholesale, AbbVie And More On CNBC's 'Final Trades'

TransDigm Group (TDG), BJ's Wholesale (BJ), VanEck Semiconductor ETF (SMH), and AbbVie (ABBV) were recommended as top trades on CNBC's Halftime Report.

Postal Service insists it's ready for a flood of mail-in ballots

U.S. Postmaster General Louis DeJoy assured state election officials in a letter released Monday that he'll work with them to handle their warnings of problems with election mail delivery during the primary season, while insisting that the Postal Service will be ready for the flood of mail-in ballots ahead of the November election.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Trump Vs. Harris: Vice President Leads In This 'Must-Win' Swing State And 2 'Bellwether' Counties, But 25% Say They Are Still Ignorant Of Her Policies

The debate performance may not have given Kamala Harris a big thrust in the key swing state of Pennsylvania but she still has an edge, albeit a very modest one.

Oil Surge Predicted...But Are You Ready?

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Ford To Roll Out Limited Edition Street Legal Race Car Variant Of Mustang As Early As This Year

Dearborn-based Ford Motor is looking to start production of a high-performance race car variant of the Mustang for street use as early as this year.

Trending Now

Mohamed El-Erian Warns Markets Have Gone Too Far In Pricing Fed As 'Single Mandate' Central Bank, Highlights Potential Disappointment Awaiting Investors Looking Forward To Rate Cut

Memories of the earliest Tupperware parties, from one who was there

4 Steps to Survive the Coming Market Crash - Ad

Betting on elections threatens confidence in voting and should be banned, US agency says

Trump Introduces 'World Liberty Financial,' Aims To Encourage Stablecoin Adoption With Sons Leading The Charge: 'Crypto Is One Of Those Things We Have To Do'

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'

Shaquille O'Neal Reflects On Divorce, Fatherhood And Personal Accountability: 'I Was Lost. 76,000 Square Foot House By Yourself'

September 23 - The Biggest Crypto Event in History - Ad

Red Lobster exits Chapter 11 bankruptcy protection

Federal Reserve is set to cut interest rates for the first time in 4 years

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Bitcoin And Cryptocurrency Market Set For 'Biggest Bull Run Ever,' Says Trader, As Federal Reserve Interest Rate Decision Takes Center Stage

Harris, Trump Films To Hit Theaters Weeks Before 2024 Election: One Candidate Tried To Block Movie From Release

Revealing Index Soars 49% - Smart Investors Are Moving In - Ad

Drivers Tend To Multitask And Pay Less Attention To The Road While Using Tesla's Autopilot And Volvo's Pilot Assist, Study Finds

Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

Teamsters union declines to endorse Trump or Harris for president

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Don't Buy Another Stock Until You See This - Ad

Text of the policy statement the Federal Reserve released Wednesday

Trump Praises Joe Biden And Kamala Harris For Calling Him After Latest Assassination Attempt: 'I Sort Of Wish The Call Wasn't Made I Do Feel A Little...'

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

Anthony Scaramucci Explains How Kamala Harris Can Improve Her Poor Economic Polling: 'She Has To Get Out There And Do That'

Rogers Communications buys out Bell stake in Maple Leafs Sports for $3.5 billion

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report

After Starship Test Flight Is Pushed Back To November, SpaceX Says It 'Takes Longer' To Do Paperwork 'Than It Does To Design And Build' The Rocket: Elon Musk Says 'We Will Never Get Humanity To Mars If This Continues'

Prepare for President Kamala - Ad

NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories

My TOP Altcoin for Right Now Is... - Ad

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Trump In Trouble: Vice President Harris Has Record 6-Point Lead In 2024 Election Poll After Debate, Posts Highest Rankings In Key Demographics

Top 3 Tech And Telecom Stocks That May Rocket Higher This Quarter

A 10,000% Dividend?!? - Ad

UK inflation is steady at 2.2% ahead of Bank of England's next rate decision

Japan's trade deficit grows while both imports, exports fall short of forecasts

U.S. Loses to China in Shocking WAR GAMES - Ad

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

This Is How the AI Bull Market Ends - Ad

'FBI Raided My Homeâ€¦:' Melania Trump Slams FBI For Invading Her Privacy While Searching For 'Top Secret' Documents At Donald Trump's Mar-A-Lago Residence

Fourth American Citizen Detained In Venezuela This Month, Heightening Tensions Between US And Maduro's Regime

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Boar's Head closing Virginia plant linked to deadly listeria outbreak

Walmart Division Sam's Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.