Cathie Wood’s Ark Investment Management sold 228,594 shares of Palantir Technologies Inc (NYSE: NYSE:PLTR), worth nearly $2.4 million, on Wednesday.
Shares of the Peter Thiel-founded technology company slipped 2.8% to $10.14 in the after-hours session after closing 0.5% at $10.43 in regular trading on Wednesday.
With the latest sale of shares, Ark’s ownership of Palantir has effectively come down to nil.
See Also: How To Buy Palantir (PLTR) Shares
On Tuesday, Wood had dumped $123 million worth of Palantir shares, while on Feb. 18 she had jettisoned another $148.9 million worth of stock.
Palantir missed earnings estimates earlier in February for the fourth quarter.
Ark also sold 237,143 shares of Twitter Inc (NYSE: NYSE:TWTR) worth $7.8 million. Twitter shares closed 0.5% lower at $32.76 in Tuesday’s regular trading and fell 1.1% to $32.41 in the after-hours session.
With the sale, the total market value of Ark’s Twitter shares across funds is now nearly $75.9 million.
On Tuesday, Twitter said it is looking to raise $1 billion through the sale of $1 billion senior notes due 2030 in a private institutional placement. The proceeds will be utilized for general corporate purposes.
The company’s board also approved a $4 billion share repurchase program earlier in February as it announced its fourth-quarter results.
Read Next: Here Are Some Safety Tips For Using Twitter In Ukraine Amid Russian Military Action
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga