After half a year!
The female stock god once again sold more than 100 billion JD stocks. The picture shows the female stock god Wood (Cathie Wood).
[Financial Channel/Comprehensive Report] Jingdong has rebounded by more than 60% since last year's low point. With the stock price rebounding, after half a year, the female stock god once again sold Jingdong shares. According to data, ARK Financial Technology Innovation ETF sold 6645 shares of Jingdong on Thursday. Based on the closing price of US$59.42 on that day, it is equivalent to shares worth US$39.48 million.
According to reports from Wall Street, during the downtrend of Chinese concept stocks last year, JD.com’s ADR stock price fell by nearly 70% from its peak. However, as China’s concept stocks rebounded strongly, Ark Investment founder Cathie Wood )’s ARK Financial Technology Innovation ETF once again reduced its holdings of JD.com for the first time since July last year.
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According to the transaction data of ARK compiled by the media, the ARK Financial Technology Innovation ETF sold 6,645 shares of Jingdong ARD on Thursday, which is equivalent to shares worth 39.48 million US dollars based on the closing price of 59.42 US dollars that day.
After the sell-off, ARK still holds 150,318 shares of JD ARD.
After a 67% plunge last year, the ARK flagship fund, which is heavily loaded with technology stocks, has recovered its performance this year, rising 11% year-to-date.
The fund is currently adding to growth stocks including Tesla and Coinbase.
Cathie Wood, founder of Ark Investment
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