Cathie Wood's Ark Invest snatched up $7.2 million of Roblox stock and sold $106 million of its Adobe holdingsThe famed money manager snagged 196,280 shares of the video game platform company on Monday, which was allocated to Ark Next Generation Internet ETF . Ark's Roblox holdings have a combined market value of $298 million across all eight of its exchange-traded funds.
Meanwhile, the investment firm dumped 330,076 shares of Adobe in the past three trading sessions, worth over $106 million at its current price. Ark currently holds around $32,900 of the company's stock in its ARKW fund. ARKW has rallied more than 30% year-to-date as investors poured into more speculative bets in January, sending Wood's preferred growth stocks on a tear. Wood's flagship fund, Ark Innovation ETF , surged 28% in January, marking its best month ever. But ARKW and ARKK have come off highs recently on inflation concerns. never seen markets this"dislocated,"
referring to recent stock sell-offs as traders speculate on additional interest rate hikes from the US central bank as it tries to rein in inflation. "We do think inflation is coming down now. It always seems like it could come down faster, but we do believe it's on its way down," Wood said."This reminds me of early in my career in the early 80s. It was the same thing, but those who bet on lower inflation and interest rates long term were the winners."
WOODS IS A RECKLESS GO FOR BROKE SPECULATOR WITH SOMEONE EKSES MONEY!
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