1 week Ago By Shivdeep Dhaliwal
On Thursday, Cathie Wood -led Ark Invest made notable trades, prominently featuring Tempus AI Inc TEM and Coinbase Global Inc COIN . The trades came as Wall Street reversed Wednesday's rally with a sharp selloff, as cooling inflation and hopes for Fed cuts were overshadowed by economic uncertainty and a 145% China tariff announcement by the Trump administration. The Tempus AI Trade Ark Invest’s flagship fund, the ARK Innovation ETF ARKK , acquired 48,909 shares of Tempus AI Inc.
TEM , valued at approximately $1.97 million based on the closing price of $40.29.
Tempus AI has been gaining attention for its advancements in AI-driven healthcare solutions. Ark has been trading shares of the company actively. Last week, it scooped up stock worth $1.
74 million. The Coinbase Trade In another significant move, ARKK purchased 11,849 shares of Coinbase Global Inc . COIN , amounting to approximately $2.
01 million based on the closing price of $169.62. This acquisition comes at a time when the regulatory landscape for cryptocurrency trading in the U.
S. is evolving, potentially making crypto leverage trading more accessible to retail investors. Coinbase, a leading cryptocurrency exchange, has announced plans to introduce a first-of-its-kind perpetual-style product in the U.
S. and is also reportedly in talks to acquire crypto derivatives exchange Deribit Other Key Trades: ARKK bought 135,247 shares of Beam Therapeutics Inc . (BEAM).
ARKG sold 33,500 shares of Repare Therapeutics Inc . (RPTX). ARKK acquired 191,500 shares of 10X Genomics Inc.
(TXG). How does Coinbase rank against other crypto picks? Find out with Benzinga Edge Stock Rankings. Image via Shutterstock Read Next: Alibaba, JPMorgan, Carmax, Janover, Tesla: Why These 5 Stocks Are On Investors’ Radars Today This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock – anytime.
© 2025 Benzinga.com. Benzinga does not provide investment advice.
All rights reserved..
