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The forum social network ended the week at $46 per share after pricing its initial public offering at $34 only â€" signalling solid demand for new tech stocks. Part of that demand came from Cathie
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Cathie Wood's Ark Invest bought more than 10,000 shares of Reddit on Thursday for her Ark Invest funds, a stake that is now worth more than $500,000. Reddit went public at $34, closing above $50
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Underwriters priced the Reddit offering at $34 a share. It was a feeding frenzy. The stock opened at $47, continued to climb, and ultimately closed 48% higher. It's easy to see what Wood likes In a recent statement, Cathie Wood, the CEO of Ark Invest, has declared her current stance on not investing in Reddit at its present valuation, despite recognizing its potential as a long-term Cathie Wood's ARK Investment Management scooped up Reddit shares on the social media company's first day of trading. ARK bought roughly 10,000 Reddit shares across its Next Generation Internet
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Cathie Wood’s Ark Investment Management purchased nearly 10,000 shares of Reddit Inc. on its first day of trading, taking a small bite of the social media platform that followed a stellar debut ARK Invest, the investment management firm led by Cathie Wood, recently made significant transactions involving Coinbase and Reddit shares. On March 21, ARK sold 199,526 Coinbase shares across three
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The Reddit Trade Wood also stocked up $503,492 worth of shares through ARKW and ARKF. The purchase of 9,982 shares comes on the same day that the social media company made its debut on the NYSE. March 22 Reuters - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit RDDT.K in the social media platform's strong market debut on Thursday, an email from the asset
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