Business > Markets

Ark Invest's flagship fund has dumped 7 million shares of Zillow since the online real estate firm shuttered its home-flipping business

2 monthes ago   |   By Business Insider

Catherine Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on October 19, 2021 in Beverly Hills, California. Photo by PATRICK T. FALLON/AFP via Getty Images Ark Invest is still selling Zillow after the firm revealed it's leaving the home-flipping business. Ark's flagship ETF has sold nearly 7 million shares over the past two weeks amid the decline in Zillow. "When there is a fundamental change in the story, like Zillow's decision to abandon iBuying, that violated one of our theses," Cathie Wood said. Ark Invest is...
Read more ...

 


Search by Tags

   Markets      MI Exclusive      Cathie Wood      Zillow      Zillow stock      Zillow stock price      Stock Market      ARK Invest      Stock market 2021      Trading  


Editorial: China getting away with murder

Davos is a place out of “Lost Horizon,” the 1933 novel that told of a magical Shangri-La. In Switzerland, that's Davos. But musings from a mountainous utopia is the last thing... Read more ...

Klietmann: Omicron is serious business, not reason for panic

Scientists have long known that SARS-CoV-2, the virus that causes COVID-19, would continually evolve. That's just what viruses do - they mutate to spread and survive. The new... Read more ...

Will Trump Try To Protect His Kids In Business Probes? 'Not A Chance,'...

Will Trump Try To Protect His Kids In Business Probes? 'Not A Chance,' Laughs Michael Cohen

“Donald cares only about Donald, more than he would care about his children," says Cohen. And “Ivanka is interested only in Ivanka.” Read more ...

Valentine's Day Gift Guide: Best Gifts For Frequent Travelers In Your Life

Looking for a Valentine's Day gift for the frequent traveler in your life, but want to forgo the typical chocolate-and-flower routine? Gifts that remind you of your favorite... Read more ...

Texas AG Ken Paxton could face a lawsuit after missing a prosecutor's...

Texas Attorney General Ken Paxton, left, next to his wife and Texas State Sen. Angela Paxton, speaks to anti-abortion activists at a rally outside the Supreme Court, Monday... Read more ...

McPherson on Cincinnati fan excitement: 'The city is on fire. It'll probably...

McPherson on Cincinnati fan excitement: 'The city is on fire. It'll probably burn down tonight'

Cincinnati Bengals kicker Evan McPherson, otherwise known as Shooter McPherson or Money Mac, was definitely a valuable player in Saturday night's AFC divisional round game win... Read more ...

‘Miserable and Dangerous': A Failed Chinese Promise in Serbia

Poor conditions for Vietnamese workers building a $900 million tire factory underscore a chasm between the promise of investment from China and grim realities on the ground. Read more ...

The Complicated Case Of Trading For Jerami Grant

Potential suitors for Pistons forward Jerami Grant will have to do some serious long-term planning before pulling the trigger on any trade. Read more ...

President Biden's Economy Is Failing the Big Mac Test

The administration made a lot of the right economic moves in its first year, but high inflation is reason enough to postpone any celebrations. Read more ...

Livestream Shopping: A $500 Billion Market In 2022 As Amazon, Google...

Amazon is investing big in Amazon Live. Google has live shopping on YouTube. Pinterest, seemingly a great fit for this kind of venture, announced a livestream shopping project... Read more ...