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Cathie Wood’s ARK Invest Adjusts Holdings: Reduces Roku and Tempus AI, Boosts Biotech
Cathie Wood’s ARK Invest Adjusts Holdings: Reduces Roku and Tempus AI, Boosts Biotech
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BTCCSquare news:
ARK Invest, led by Cathie Wood, continues to trim its positions in Roku (ROKU) and Tempus AI (TEM), with ROKU now representing 5.03% of ARK's combined portfolios and TEM at 4.3%. The ARK Innovation ETF (ARKK) sold $2.25 million worth of Roku shares on Friday, following a similar MOVE the previous day. ROKU's stock has surged 37% year-to-date, buoyed by strong revenue growth and improving profitability.
Meanwhile, ARK ETFs are increasing exposure to biotech firms like CRISPR Therapeutics (CRSP), BEAM Therapeutics (BEAM), and Arcturus Therapeutics (ARCT). Wall Street maintains a Moderate Buy rating on ROKU, with a $108.71 average price target suggesting 7% upside potential.
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