Ark Investment (ARKK, $$95.64) sold $22.3 million of Tesla shares
On Tuesday, Cathie Wood’s Ark Investment Management sold 20,446 shares of Tesla. That is estimated to be around $22.3 million.
The sale took place via the Ark Innovation ETF, the Ark Next Generation Internet ETF, and the Ark Autonomous Technology & Robotics ETF. These three ETFs held 1.84 million shares of Tesla worth about $2.01 billion ahead of Tuesday’s trade.
Tesla is Ark’s largest holding.
According to Ark’s forecast, Tesla shares would hit $3,000 by the end of 2025.
ARKK's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for ARKK turned positive on October 05, 2026. Looking at past instances where ARKK's MACD turned positive, the stock continued to rise in 47 of 52 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 16, 2026. You may want to consider a long position or call options on ARKK as a result. In 77 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.
Following a +4.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKK advanced for three days, in 268 of 298 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. In 205 of 233 cases where ARKK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 88%.
Bearish Trend Analysis
The 10-day RSI Indicator for ARKK moved out of overbought territory on September 23, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 33 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 90%.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 63 of 67 cases where ARKK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
ARKK broke above its upper Bollinger Band on September 21, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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