Cathie Wood's ARK Invest Scoops Up Shopify Shares Amid Post-Earnings Sell-Off, Jefferies Wants Investors To Buy On 'Weakness'
Cathie Wood’s ARK Invest bought 88,013 Shopify shares after an 8.7% post-earnings drop.
- Cathie Wood’s ARK Invest bought 88,013 shares for a potential $12.5 million.
- Shopify reported 32% Q3 revenue growth but missed revenue and GMV estimates.
- Jefferies maintained its ‘Buy’ rating and $175 price target on Shopify.