๐จ Urgent: ARK Invest led by Cathie Wood sells 415,844 shares of Circle worth $110 million!
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๐ Transaction Date:
โ The deal was made on June 23
โ Sale Value: about $110 million
โ Number of Shares: 415,844 shares of Circle
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๐ Why is this step important?
โ It comes days after Circle's stock rose by nearly 600%
โ It may indicate a tactical profit-taking by ARK after the significant rise
โ Or it could reflect a rebalancing of ARK Invest's investment portfolio
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๐ Market Reaction?
โ ARK has not announced its full intentions, but such moves are closely watched
โ Some investors may interpret it as a negative signal, while others may see it as a normal strategic step
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๐ฌ Do you think ARK exited too early? Or did it secure smart profits at the peak?
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