On Monday, Cathie Wood-led Ark Invest made significant trading decisions involving Archer Aviation Inc (NYSE:ACHR), DoorDash Inc (NASDAQ:DASH), and Pony AI Inc (NASDAQ:PONY).
The Archer Aviation Trade
Ark Invest executed a substantial sell-off of Archer Aviation Inc shares across its ETFs. The ARK Innovation ETF (BATS:ARKK) fund sold 953,336 shares, while ARK Autonomous Technology & Robotics ETF (BATS: ARKQ) and ARK Space & Defense Innovation ETF (BATS:ARKX) sold 866,604 and 402,452 shares, respectively. Archer’s stock closed at $5.73 on Monday, valuing the total shares sold at approximately $12.7 million.
Archer Aviation reported first-quarter results recently that beat expectations, as investors remained focused on its ongoing cash burn and projected second-quarter adjusted EBITDA loss of $170 million to $200 million.
The company reiterated plans to launch U.S. operations in 2026, highlighted progress on certification and flight testing, and said it expected to participate in the White House’s eVTOL Integration Pilot Program across eight states this year.
The DoorDash Trade
Ark Invest purchased DoorDash shares through its ARKQ and ARKX funds. The funds acquired 2,784 and 1,939 shares, respectively, with DoorDash’s stock closing at $152.49. This purchase is valued at approximately $720,210.
DoorDash reported first-quarter revenue of $4.04 billion in early May, which missed analyst estimates, while earnings of 42 cents per share topped expectations. Total orders rose 27% year over year to 933 million and Marketplace GOV increased 37% to $31.6 billion.
The company projected second-quarter Marketplace GOV of $32.4 billion to $33.4 billion and adjusted EBITDA of $770 million to $870 million, citing strong consumer demand, record membership signups and higher user engagement.
The Pony AI Trade
Ark Invest also made a significant investment in Pony AI Inc by purchasing 45,949 shares through the ARKQ fund. With Pony AI’s stock closing at $8.96, this transaction is valued at approximately $411,703.
Pony AI has been gaining attention due to its ambitious plans for a 3,500-vehicle robotaxi fleet and substantial revenue growth from its robotaxi services.
Other Key Trades
- Beam Therapeutics Inc. (BEAM): Ark Invest bought 15,114 shares through the ARKK fund.
- Baidu Inc. (BIDU): Ark Invest sold 2,860 shares from the ARKK fund.
- Kodiak AI Inc. (KDK): Ark Invest acquired 34,731 shares through the ARKQ fund.
- X-Energy Inc (XE): Ark Invest purchased 1,217 shares via the ARKQ fund and 1,130 shares through the ARKX fund.
Benzinga Edge Stock Rankings indicate Archer Aviation stock has a Momentum score in the 5th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: PJ McDonnell / Shutterstock
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