Cathie Wood-led Ark Investment Management on Wednesday snapped up 2.07 million shares, worth about $39 million, in Palantir Technologies Inc (NYSE: PLTR), on a day the stock reversed the earnings-driven gains of the previous session. Shares of software and analytics tool-making company traded sharply lower on Wednesday, closing 6.53% lower at $18.89 and were further down 0.6% in extended hours.
Cathie Wood Piles Up Palantir For Third Day In A Row, Adding $39M Worth Of Shares