SpaceX Was Wood’s Largest Purchase
SpaceX was by far ARK’s largest buy of the day. The firm bought 3.29 million shares across several ETFs. The purchase was worth about $444.3 million.
The move came just after SpaceX’s market debut. Shares jumped 19.22% on Friday and closed at $160.95. The rally pushed the firm’s market value to about $2.1 trillion. That made SpaceX the sixth-most valuable U.S. company and moved it ahead of Tesla.
Wall Street is still taking a cautious view. Analysts have a Hold consensus rating on the stock. The average SPCX price target of $152.50 points to about 5% downside from current levels.
AMD Was ARK’s Largest Sale
