ARK Invest Buys Back into Block Amidst Stock Dip and Potential Shift in Strategy

Cathie Wood’s ARK Invest has re-entered the market for Jack Dorsey’s Square (formerly known as Block), purchasing a significant amount of shares this past week, even as the stock price fell to $73. This move comes after a period of selling off Block shares by ARK Invest. 262,463 shares were bought on Monday, worth an estimated $19.2 million based on the closing stock price. ARK Invest’s investment in Block marks a potential change in strategy following a period of selling, which included dumping shares last week for approximately $22 million.