Cathie Wood snaps up nearly 4 million shares of a surging biotech stock
Ark Invest's "disruptive" technology thesis grants investors exposure to a number of different technological areas, from automation to cryptocurrency to biotechnology. While automation and crypto represent some of Ark's biggest bets, a large portion even of Ark's flagship Innovation fund consists of biotechnology companies working to revolutionize the health sector. Ark on Tuesday heavily boosted its stake in one such company, buying 3,750,623 shares of Recursion Pharmaceuticals RXRX, a purchase worth roughly $24 million. This latest purchase boosted Ark Innovation's holding in Recursion to 3,980,912 shares, worth $25.7 million and weighted at only .35% of the ETF. Related: Cathie Wood explains why she cut Ark's Tesla holding The stock closed up 10.8% Tuesday, rising a further 2.9% in pre-market trading. Recursion's stock, however, remains far off its July 52-week high of $16.75, when the biotech firm announced a partnership with semiconductor giant Nvidia NVDA. The collaboration, which came in hand with a $50 million investment by Nvidia in Recursion, is meant to help the latter revolutionize drug discovery through artificial intelligence, the company said in a statement. Shares of Recursion have fallen hard off those mid-summer highs, hitting a low of around $5 in early November before rising again. Reporting third-quarter results Nov. 9, Recursion noted revenue of $10.5 million for the quarter, a decline from the $13.2 million the company earned in the year-ago period. Recursion also reported greater expenses and a wider net loss of $93 million for the quarter, above the $60.4 million the company reported for the same period last year. Related: Cathie Wood sells 250,000 shares of a rising growth stock Recursion had $387.3 million in cash as of Sept. 30, a reduction from prior quarters. The results fell short of Street expectations. "We could not be more inspired about the future and are confident that the Recursion OS will continue to lead the transformation of BioTech into TechBio," CEO Chris Gibson said in a statement. The company reiterated in its earnings report several enhanced partnerships with the likes of Bayer and Roche-Genentech, both of which are meant to enhance its different programs and experiments. Recursion's approach has resulted in the development of several potential candidates, but none have escaped clinical trials so far. Shares of Recursion, closing Tuesday at $6.46, are down roughly 16% for the year. Related: Cathie Wood has a blunt warning for the future of Google's stock Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Ark Invest's "disruptive" technology thesis grants investors exposure to a number of different technological areas, from automation to cryptocurrency to biotechnology. While automation and crypto represent some of Ark's biggest bets, a large portion even of Ark's flagship Innovation fund consists of biotechnology companies working to revolutionize the health sector. Ark on Tuesday heavily boosted its stake in one such company, buying 3,750,623 shares of Recursion Pharmaceuticals RXRX, a purchase worth roughly $24 million. This latest purchase boosted Ark Innovation's holding in Recursion to 3,980,912 shares, worth $25.7 million and weighted at only .35% of the ETF. Related: Cathie Wood explains why she cut Ark's Tesla holding The stock closed up 10.8% Tuesday, rising a further 2.9% in pre-market trading. Recursion's stock, however, remains far off its July 52-week high of $16.75, when the biotech firm announced a partnership with semiconductor giant Nvidia NVDA. The collaboration, which came in hand with a $50 million investment by Nvidia in Recursion, is meant to help the latter revolutionize drug discovery through artificial intelligence, the company said in a statement. Shares of Recursion have fallen hard off those mid-summer highs, hitting a low of around $5 in early November before rising again. Reporting third-quarter results Nov. 9, Recursion noted revenue of $10.5 million for the quarter, a decline from the $13.2 million the company earned in the year-ago period. Recursion also reported greater expenses and a wider net loss of $93 million for the quarter, above the $60.4 million the company reported for the same period last year. Related: Cathie Wood sells 250,000 shares of a rising growth stock Recursion had $387.3 million in cash as of Sept. 30, a reduction from prior quarters. The results fell short of Street expectations. "We could not be more inspired about the future and are confident that the Recursion OS will continue to lead the transformation of BioTech into TechBio," CEO Chris Gibson said in a statement. The company reiterated in its earnings report several enhanced partnerships with the likes of Bayer and Roche-Genentech, both of which are meant to enhance its different programs and experiments. Recursion's approach has resulted in the development of several potential candidates, but none have escaped clinical trials so far. Shares of Recursion, closing Tuesday at $6.46, are down roughly 16% for the year. Related: Cathie Wood has a blunt warning for the future of Google's stock Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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TheStreet
Cathie Wood snaps up nearly 4 million shares of a surging, cheap stock
This stock spiked more than 10% Tuesday.
*Тактические брюки*
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Тактические брюки различных производителей Купить - Форма одежды
Купить Тактические брюки в интернет-магазине Форма одежды. Наложенный платеж и быстрая доставка по России. Тел. +7(495)946-9115.
Тактические брюки
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Купить Тактические брюки в интернет-магазине Форма одежды. Наложенный платеж и быстрая доставка по России. Тел. +7(495)946-9115.
*What song?*
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*My brother's new cover-up and in honor tattoos*
My 25yo brother got his ex-girlfriend's and her kid's (from another relationship) initials tattooed on his forearms. They dated for 2 months before they broke up. He decided to get the tree of life with a cross coming out of it to cover her initials. He has yet to cover the kid's. He is now is dating a new girl. They've been dating close to a month now and he decided to get the Star of David in honor of her being Jewish. Let's see how long this one lasts
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My 25yo brother got his ex-girlfriend's and her kid's (from another relationship) initials tattooed on his forearms. They dated for 2 months before they broke up. He decided to get the tree of life with a cross coming out of it to cover her initials. He has yet to cover the kid's. He is now is dating a new girl. They've been dating close to a month now and he decided to get the Star of David in honor of her being Jewish. Let's see how long this one lasts
[Read more...](https://www.reddit.com/r/shittytattoos/comments/17v7n4a/my_brothers_new_coverup_and_in_honor_tattoos/)
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From the shittytattoos community on Reddit: My brother's new cover-up and in honor tattoos
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My brother's new cover-up and in honor tattoos
My 25yo brother got his ex-girlfriend's and her kid's (from another relationship) initials tattooed on his forearms. They dated for 2 months before they broke up. He decided to get the tree of life with a cross coming out of it to cover her initials. He has yet to cover the kid's. He is now is dating a new girl. They've been dating close to a month now and he decided to get the Star of David in honor of her being Jewish. Let's see how long this one lasts
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My 25yo brother got his ex-girlfriend's and her kid's (from another relationship) initials tattooed on his forearms. They dated for 2 months before they broke up. He decided to get the tree of life with a cross coming out of it to cover her initials. He has yet to cover the kid's. He is now is dating a new girl. They've been dating close to a month now and he decided to get the Star of David in honor of her being Jewish. Let's see how long this one lasts
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*What would the first on your playlist?*
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*Old yet gold.*
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*2meirl4meirl*
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*You might find it hard to believe, but this cat is my colleague. I work at a pet supplies company, and the Mr.cat is the exclusive model for our product promotional images. He also takes on the responsibility of supervising our work and keeping an eye on*
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From the aww community on Reddit: You might find it hard to believe, but this cat is my colleague. I work at a pet supplies company…
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You might find it hard to believe, but this cat is my colleague. I work at a pet supplies company, and the Mr.cat is the exclusive model for our product promotional images. He also takes on the responsibility of supervising our work and keeping an eye on
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*Phreak to quit social media due to increase toxicity and death threats*
https://youtube.com/clip/UgkxS_sf449KPlYOLMqqRedKleGD4wair8oj?si=vNFPzC52IGZ0b4iC Phreak mentioned that due to the increase of toxicity and death threats he will be quitting social media. While I agree with some of the points about the ping system that the community has brought up before, harassing Rioters and others has been happening for so long and has been so severe, that i understand why phreak has come to this decision. edit: if my inbox rn is anything like phreaks, yalls should be ashamed submitted by /u/RAZGRIZTP to r/leagueoflegends [link] [comments]
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https://youtube.com/clip/UgkxS_sf449KPlYOLMqqRedKleGD4wair8oj?si=vNFPzC52IGZ0b4iC Phreak mentioned that due to the increase of toxicity and death threats he will be quitting social media. While I agree with some of the points about the ping system that the community has brought up before, harassing Rioters and others has been happening for so long and has been so severe, that i understand why phreak has come to this decision. edit: if my inbox rn is anything like phreaks, yalls should be ashamed submitted by /u/RAZGRIZTP to r/leagueoflegends [link] [comments]
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✂️ Phreak to quit social media due to toxicity and death threats
20 seconds · Clipped by Noah Moore · Original video "Patch 13.23 Preview | League of Legends" by Phreak
Phreak to quit social media due to increase toxicity and death threats
https://youtube.com/clip/UgkxSsf449KPlYOLMqqRedKleGD4wair8oj?si=vNFPzC52IGZ0b4iC Phreak mentioned that due to the increase of toxicity and death threats he will be quitting social media. While I agree with some of the points about the ping system that the community has brought up before, harassing Rioters and others has been happening for so long and has been so severe, that i understand why phreak has come to this decision. edit: if my inbox rn is anything like phreaks, yalls should be ashamed submitted by /u/RAZGRIZTP to r/leagueoflegends [link] [comments]
[Read more...](https://www.reddit.com/r/leagueoflegends/comments/17voxar/phreaktoquitsocialmediaduetoincrease/)
https://youtube.com/clip/UgkxSsf449KPlYOLMqqRedKleGD4wair8oj?si=vNFPzC52IGZ0b4iC Phreak mentioned that due to the increase of toxicity and death threats he will be quitting social media. While I agree with some of the points about the ping system that the community has brought up before, harassing Rioters and others has been happening for so long and has been so severe, that i understand why phreak has come to this decision. edit: if my inbox rn is anything like phreaks, yalls should be ashamed submitted by /u/RAZGRIZTP to r/leagueoflegends [link] [comments]
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*what yall say*
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From the shitposting community on Reddit: what yall say
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*Universal language of a worried mother*
submitted by /u/Careful_Cup4484 to r/MadeMeSmile [link] [comments]
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From the MadeMeSmile community on Reddit: Universal language of a worried mother
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Universal language of a worried mother
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From the MadeMeSmile community on Reddit: Universal language of a worried mother
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*Old tweets of Travis Kelce’s are resurfacing on X.*
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From the Fauxmoi community on Reddit: Old tweets of Travis Kelce’s are resurfacing on X.
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