empty
 
 
21.12.2022 03:17 PM
Ark Investment Management begins purchasing Tesla shares actively
Cathie Wood declared that she would keep purchasing shares of Tesla Inc. while US stock indices are attempting to find support amid yet another downward correction following a stressful week that ended last Friday. Ark Investment Management LLC increased its stake in Tesla in the fourth quarter, which shows confidence in billionaire Elon Musk and electric vehicles, despite growing doubts about CEO Elon Musk's ability to run the company.

This image is no longer relevant

Since October 3, when they started their most recent series of purchases, exchange-traded funds backed by Ark Investment Management LLC have bought just over 445,000 shares of the electric vehicle manufacturer. Since Ark started buying Tesla shares seven quarters ago, it appears that the time has already come. Using the average Tesla trading price between October 3 and December 20, we can estimate that Ark purchases during the most recent quarter totaled about $88 million. Even so, Tesla's shares have dropped 61% this year, producing the worst annual revenue in company history.

Premarket

After the company reported smaller-than-expected losses and earnings that surpassed economists' expectations, Rite Aid stock increased 8.4% in the premarket. Strong sales growth enabled all of this. However, several issues, including seasonal discounts, caused the company to lower its annual forecast.

After the sportswear and shoe manufacturer announced better-than-anticipated quarterly results and increased its revenue forecast, Nike shares increased by 12.6%. Nike was able to get rid of extra inventory during the quarter by offering discounts.

After reporting quarterly results that showed earnings that also beat consensus but sales that fell short of analysts' projections, FedEx increased by 4.5% in premarket trading. The increase in profits and the delivery service's assurance that it would keep slashing costs drastically gave investors hope.

In premarket trading, BlackBerry shares increased by 1% after the company reported quarterly revenue that exceeded expectations due to strong demand for automotive and security software. Additionally, BlackBerry revealed lower-than-anticipated quarterly losses.

According to the S&P 500's technical picture, the index might keep expanding. The main objective for today will be to safeguard $3,830. We can anticipate a more assured upward jerk while trading is conducted above this range, which will lay the groundwork for the trading instrument to strengthen to $3,858 with the potential to reach $3,891. The level of $3,923 is a little higher and will be challenging to surpass. Buyers simply have to declare themselves around $3,830 in the event of a downward movement because only $3,802 is below that level, after which the index will come under more pressure. The trading instrument will quickly reach $3,773 on a breakdown, with the $3,735 region serving as the farthest target.

Jakub Novak,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $1,000 وأكثر من ذالك!
    في يوليو نحن نقدم باليانصيب $1,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
    انضم إلى المسابقة
  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback