{"id":18032,"date":"2024-08-22T23:53:36","date_gmt":"2024-08-22T18:23:36","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=18032"},"modified":"2024-08-31T15:53:17","modified_gmt":"2024-08-31T10:23:17","slug":"cathie-wood-exits-zoom-investment-after-massive-losses-shares-surge-12","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/cathie-wood-exits-zoom-investment-after-massive-losses-shares-surge-12\/","title":{"rendered":"Cathie Wood Exits Zoom Investment After Massive Losses, Shares Surge 12%"},"content":{"rendered":"
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Cathie Wood has officially exited her entire position in Zoom stock, which at its peak represented 11% of her fund. Wood’s average purchase price for Zoom shares was $280 per share, but the investment ultimately led to substantial losses for her investors, amounting to hundreds of millions of dollars. Despite her exit, Zoom’s shares surged 12% today.

At the height of her fund’s performance in February 2021, it managed $50 billion in assets. However, by May 2022, the fund’s assets had plummeted to $15.9 billion due to a series of poor investment outcomes. Currently, Cathie Wood’s fund holds 190 different stocks with assets under management standing at $11.27 billion.<\/p>\n\n\n\n

Her largest holding is Tesla, with 5.31 million shares valued at $1.05 billion. Other notable positions include Coinbase, with 3.56 million shares valued at $790.85 million, and Roku, with 12.72 million shares valued at $762.10 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cathie Wood has officially exited her entire position in Zoom stock, which at its peak represented 11% of her fund. Wood’s average purchase price for…<\/p>\n","protected":false},"author":1,"featured_media":18033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[619,5090,616],"tags":[2299,510,5093,1138,4570,627,4604,5092,5091],"class_list":["post-18032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks-in-news","category-short-news","category-stock-in-news","tag-ark-invest","tag-cathie-wood","tag-cathie-wood-portfolio","tag-financial-news","tag-investment-losses","tag-stock-market-news","tag-stock-trading","tag-zoom-shares-surge","tag-zoom-stock","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/08\/Screenshot_2024-08-22-23-53-44-777_org.dayup_.stocks-edit.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-4GQ","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/18032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=18032"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/18032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/18033"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=18032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=18032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=18032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}