May 30, 12:31 AM

Cathie Wood's Ark Invest Faces $9 Million Loss After UiPath Stock Plummets 28% on 5/28

Cathie Wood's Ark Invest faced significant losses after purchasing 451,000 shares of UiPath Inc. (PATH) on May 28. The stock dropped nearly 28% in after-hours trading on May 29. Despite UiPath reporting a quarterly EPS of $0.13, which beat the $0.12 estimate, the company's sales forecast fell short of expectations. UiPath projected 2025 revenue between $1.41 billion and $1.41 billion, below the estimated $1.56 billion, and a full-year operating profit of $145 million, compared to the expected $295 million. The timing of the purchase led to over $9 million in losses for Ark Invest.

#Cathie Wood #Ark Invest #UiPath

Written with ChatGPT (GPT-4o).

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Barchart@Barchart
2 years ago
Cathie Wood's Ark Invest sustained losses of over $2 million today after purchasing 451,000 shares of $PATH yesterday. The stock is down almost 30% in after hours. Impeccable timing! https://t.co/0iehljybJJ
Barchart@Barchart
2 years ago
Cathie Wood's Ark Invest sustained losses of over $9 million today after purchasing 451,000 shares of $PATH yesterday. The stock is down almost 30% in after hours. Impeccable timing! https://t.co/pF2nUIIRrk
unusual_whales@unusual_whales
2 years ago
Yesterday, Cathie Wood of $ARKK bought 450,000 shares of $PATH. Today, it dropped 28% in after hours. https://t.co/vCFJCZlXnH

Cathie Wood's Ark Invest Faces $9 Million Loss After UiPath Stock Plummets 28% on 5/28

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