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Cathie Wood's Ark Continues Profit-Booking In Tesla, Selling Another $39M Worth Of Shares

Cathie Wood's Ark Continues Profit-Booking In Tesla, Selling Another $39M Worth Of Shares
Cathie Wood-led investment management firm Ark Invest on Thursday sold 35,730 shares — estimated to be worth $39.17 million — in Tesla Inc (NASDAQ:TSLA), booking more profit in the electric vehicle stock that recently breached the $1 trillion market capitalization club and continues to be its largest exposure.

Tesla shares, which have risen about 50.24% so far this year, closed 0.68% higher at $1,096.38 a share on Thursday.

Ark Invest last sold shares in Tesla about two weeks ago and has been booking profit in the stock since early September when shares of the company began an upward march.

Including the latest sale, the New York-based money managing firm has sold about $1.8 billion worth of shares in Tesla since the start of September.

See Also: Cathie Wood Sells Another $94M In Tesla And Buys These Stocks Instead
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