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