Cathie Wood Doubles Down On Palantir, Buys Another $13M Stake In Peter Thiel's Big Data Analytics Firm - $PLTR $ARKK
- 11 months ago
Cathie Wood-led ARK Investment Management bought over 1.26 million shares of Palantir Technologies at an estimated valuation of about $13 million based on Wednesday's closing price.
The purchase was done via the flagship ARK Innovation ETF ARKK, the ARK Next Generation Internet ETF ARKW, and the Ark Fintech Innovation ETF ARKF.
ARK's stake purchase comes on a day when the shares closed over 8% higher. Palantir stock has witnessed strong gains over the past month, registering over 17% returns. The shares have gained over 60% since the beginning of the year, according to Benzinga Pro.
The purchase was done via the flagship ARK Innovation ETF ARKK, the ARK Next Generation Internet ETF ARKW, and the Ark Fintech Innovation ETF ARKF.
ARK's stake purchase comes on a day when the shares closed over 8% higher. Palantir stock has witnessed strong gains over the past month, registering over 17% returns. The shares have gained over 60% since the beginning of the year, according to Benzinga Pro.