ARK Tracking | Sell Tesla Again! The bottom-dipped stock TDOC is about 610,000 shares

The Director said

The U.S. Stock Intelligence Bureau will update the ARK transaction tracking every business day;

Mainly share the trading details of the day and analyze the recent performance of key stocks;

If ARK has a heavy sudden action, the director will also share it with everyone in time.

Sister Wood is not a god, but ARK is a high performer in the 2020 US fund; I hope that everyone can get a faster and more comprehensive investment dry goods >> at the US Stock Intelligence Agency

ARK Transaction Tracking

Edit: Jling

Cathie Wood, CEO of Ark Investments, appeared wednesday at the FTX/SALT Crypto Bahamas conference, where she talked about the regulator's decision to reject ARK's bid for a bitcoin ETF earlier this month, Decrypt reported.

"We're going to reapply," Wood said, "and I find it interesting that they approved bitcoin futures without approving the underlying." This doesn't make sense to me, especially given the costs associated with this kind of ETF. ”

If approved, the proposed ARK Invest 21 Shares Bitcoin ETF will be the first spot Bitcoin ETF traded on a U.S. exchange. ARK partnered with 21 Shares to sponsor the fund and designated Coinbase Global as custodian.

On the other hand, the recent plunge in the share price of Tadoc Health, ARKK's third-largest heavy stock (which closed down more than 40% yesterday), has attracted attention, and it is reported that the increase in advertising spending in the mental health department and the extended sales cycle of the chronic care unit have affected the first quarter results of the largest telemedicine company in the United States. ARKK closed down 1.39% yesterday, compared to the fund's cumulative decline of 60.78% over the past year.

Jason Benowitz, senior portfolio manager at Roosevelt Investment Group in New York, said, "Aggressive growth funds that have benefited from holding pandemic winners over the past two years are likely to struggle in the current environment, and ARK is no exception." ”

ARK had a total of 13 trades on Thursday (April 28), including 6 buy trades.

The trading highlights of the day are as follows:

Buy:

(1) About 610,000 shares of telemedicine company Teladoc Health Inc (TDOC), involving about $18.97 million. The stock closed down 40.15 percent on Thursday and was briefly suspended.

On the news side, the company's Q1 results and full-year performance guidance released after hours on Wednesday fell short of market expectations.

Citi analyst Daniel Grosslight downgraded Teladoc Health's rating from buy to neutral and lowered its price target from $115 per share to $43. Deutsche Bank maintained Teladoc Health's holding rating, but also lowered its price target to $44.00 from $78.00 per share.

Earnings data: Q1 revenue was $565.4 million, up 25% year-over-year, compared to market expectations of $568.8 million; loss per share was $41.58, as compared to a loss of $1.31 per share for the same period last year, affected by a non-cash goodwill impairment of $6.6 billion. Teladoc Health lowered its full-year adjusted EBITDA forecast to $240 million to $265 million from $330 million to $355 million, and also lowered its full-year revenue forecast from $2.55 billion to $2.4 billion to $2.5 billion, compared to $2.58 billion.

As of April 28, ARKK held approximately 11.28 million shares of Teladoc Health (Teladoc Health was the third largest weighted stock with a weight of 6.82%), and ARKF, ARKG and ARKW held a total of about 6.5 million shares of the stock.

(2) Buy 25,000 shares of Quantum-Si Incorporated (QSI) and buy about 68,000 shares of immuno-oncology company Surface Oncolog (SURF). The former closed up 1.86% in the previous session, while the latter closed up 3.40% in the previous session.

Sell:

(1) Sold 10,035 shares of Tesla (TSLA), involving about $8.62 million. The stock closed down 0.45% in the previous session.

In a series of filings with the SEC released Thursday night, Tesla CEO Elon Musk sold a cumulative total of 4.415 million shares of Tesla stock (valued at nearly $4 billion) from April 26 to April 27. This follows a 12.18% plunge in Tesla's closing price on April 26.

Later, in a tweet late Thursday, Musk said there were "no plans to sell Tesla further after today." ”

As of April 28, ARKK had held about 980,000 shares of Tesla (Tesla is still the largest heavy stock, accounting for 9.34%) of the weight.

(2) Sell 9714 shares of Silvergate Capital (SI) and sell 2662 shares of Erbit System. The former closed up 5.72% in the previous session, while the latter closed up 0.99% in the previous session.