Tuesday, September 28

Palantir

ARK Innovation ETF, ARK Invest, Cathie Wood, ETF, Markets, MI Exclusive, Palantir

Cathie Wood’s Ark Invest bought $139 million of Palantir stock on Thursday alone as shares rocketed higher on strong sales forecast

Cathie Wood Cindy Ord/ Getty Images Cathie Wood's smash-hit active funds collectively bought $139 million in Palantir shares on Thursday as the stock shot up as much as 11%, Ark Invest revealed in its daily trade disclosures. The buys indicate Wood thinks the company has considerable upside even given Thursday's run-up. On its Thursday morning earnings call, Palantir revealed 49% year-on-year revenue growth, beating expectations. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cathie Wood's smash-hit active funds collectively bought $139 million in Palantir shares on Thursday as the stock shot up as much as 15% on a buoyant sales forecast, Ark Invest revealed in its daily trade disclosures.All six of Ark's actively managed funds bought Palantir to the tu...