Cathie Wood-led Ark Investment Management on Wednesday shed 123,982 shares, estimated to be worth about $7.3 million, in the Chinese automaker BYD Co (OTC: BYDDY), its third straight sale in the company this week.
One of the biggest trends to watch in 2021 continues to be the reopening of the economy as it relates to the increased rate of COVID-19 vaccinations and the lifting of restrictions in areas across the U.S. and globally.
Restaurants Could Benefit: One industry that saw pressure during the pandemic and could benefit from the reopening trend are restaurants.
Cathie Wood-led Ark Investment Management on Tuesday snapped up 214,718 shares, estimated to be worth about $47.76 million, in Coinbase Global Inc (NASDAQ: COIN).
Cathie Wood-led Ark Investment Management on Monday snapped up 35,022 shares, estimated to be worth about $7.39 million, in Alibaba Group Holding (NYSE: BABA).
Shares of Alibaba closed 0.46% lower at $211.06 on Monday.