Ark Invest has sold $29 million worth of Block Inc shares within the past two days
Cathie Wood's Ark Invest sold 526,991 shares of Block Inc. in the past two trading days, according to the company's latest transaction documents. ARKK dumped 203,659 shares of Block on Tuesday and another 323,332 shares on Monday.
Block's stock price rose by 1% at Tuesday’s close to $55.29. The payment company led by Jack Dorsey has seen its share price fall by 36% so far this year.
Block Inc operates several businesses that play a key role in the cryptocurrency field, including its famous subsidiary Cash App. According to The Block's stock dashboard, this mobile payment service allows users to transfer money and participate in buying and holding Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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