Ark Invest Buys $8.2M Bullish Shares Amid 18% Stock Price Decline

Ark Invest, led by Cathie Wood, has acquired over 160,000 shares of Bullish (NYSE: BLSH) for $8.2 million, despite a recent 18% decline in the stock's price.

Key Details:

ARK Innovation ETF (ARKK) purchased 120,609 shares; ARK Next Generation Internet ETF (ARKW) bought 40,574 shares.
Bullish experienced a successful Wall Street debut with its price initially peaking at $75 before stabilizing around $50.
Total ARK holdings in Bullish now exceed $129 million across ARKK, ARKW, and ARK Fintech Innovation ETF (ARKF).
Initial investment in mid-August was 2.53 million shares valued at $172 million.
Recent investments include $21 million in August and $7.5 million earlier this month.

Market Analysis:

Bullish reported a 0.2% year-over-year revenue decline and a 270% decrease in operating income for Q1.
Stock currently stable at $50, gaining institutional attention.
Jefferies rated it as "hold," JP Morgan and Bernstein gave "neutral" ratings, while Cantor Fitzgerald rated it "overweight."