Cathie Wood made some new technological moves for her Ark Invest portfolio on Friday.
Wood, founder and CEO of ARK Investment Management, is a big name in the investment world – her company’s portfolios deliver more than 100% returns.
See also: Cathie Wood talks about innovators and disruptors.
what happened: On Friday, during a volatile trading day that the SPDR S&P 500 ETF Trust (NASDAQ: SPY) in the $ 380 after-hours trading, Ark Invest was clumsy and clumsy on certain tech names.
Ark Invest plunged back into Palantir Technologies Ing (NYSE: PLTR), with the fund adding 3,365,400 shares to its portfolio, according to data from Benzinga Pro.
Palantir makes great data analysis software that is used by the US government among others. In 2008, Palantir released Gotham, a data analytics platform for the U.S. government’s intelligence and defense sector.
Shares of Palantir rose nearly 3% to $ 24.55 in the after-hours session Friday after Ark’s issuance of the big buy.
See also: How to buy Palantir shares
Other ark movements: Ark also added 497,050 shares of social media giant Twitter Inc. (NYSE: TWTR) on Friday.
Twitter shares traded higher after the event on the company’s analysis day, in which he shared a strong three-year forecast. Several analysts raised their price targets on the stock on Friday. In addition, the stock is responding to a new paid Super Follow feature.
Shares in Twitter ended the most important trading hours on Friday, rising about 3% at $ 77.06 per share and then rising to 77.25 in the after-hours session.
Meanwhile, Ark has gone in the opposite direction for people like Apple Inc. (NASDAQ: AAPL) and Facebook, Inc. General stock (NASDAQ: FB), with the fund selling 551,131 and 71,281 shares, respectively.
Shares of several technology companies traded lower this week, along with the overall market, as higher rates of return put pressure on growth stocks and other stocks.
By Friday’s trading, Apple was trading slightly higher at 0.22% to $ 121.26 per share and Facebook higher at 1.15% at $ 257.62 per share.
Photo courtesy of Cory Doctorow via Flickr
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