Cathie Wood-led Ark Investment Management on Wednesday snapped up 110,731 shares, estimated to be worth about $71.38 million, in Tesla Inc (NASDAQ: TSLA) on the dip.
Many analysts are predicting there will soon be a correction in the market. They cite the high levels of inflation and the problems employers are having highering employees.
Cathie Wood-led Ark Investment Management on Tuesday snapped up 108,653 shares, estimated to be worth about $18.87 million, in the media and entertainment company Walt Disney Co (NYSE: DIS) on the dip.
Disney shares fell 1.93% to $173.69 on Tuesday.
Even with inflation moving higher, investors seeking income still have limited options. The interest rates that government and corporate bonds are paying are still well below their historical averages.
On CNBC's "Options Action," Carter Worth said that Invesco QQQ Trust Series 1 (NASDAQ: QQQ) is up seven weeks in a row and it reached its all-time high last week.