Cathie Wood Sells $7.9 Million in Palantir Shares Despite 121% Revenue Growth — Ark Invest Increases Stake in Peter Thiel's Trending Crypto Startup
Ark Invest's Trades: Cathie Wood's Ark Invest made significant trades, including selling 38,338 shares of Palantir Technologies after its strong earnings report and purchasing 238,346 shares of Bullish following its successful IPO.
Palantir Technologies Performance: Despite reporting impressive third-quarter earnings with a revenue of $1.18 billion, Ark Invest decided to reduce its holdings in Palantir, selling shares valued at approximately $7.9 million.
Bullish Investment Details: Ark Invest's investment in Bullish, a cryptocurrency exchange, amounted to about $11.9 million, reflecting the firm's interest in the company's strong IPO performance.
Other Notable Trades: In addition to Palantir and Bullish, Ark Invest also bought shares in Beam Therapeutics and sold shares in Roku and Guardant Health, indicating a diverse trading strategy.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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