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Cathie Wood Buys the Dip in Bitmine Stock, Continues Dumping Roku and DraftKings

Story Highlights

Cathie Wood is accumulating shares of Ethereum-linked Bitmine Immersion, leveraging every dip in its stock price while also increasing her holdings in biotech stocks. Let’s briefly explore the portfolio adjustments made on August 27.

Cathie Wood Buys the Dip in Bitmine Stock, Continues Dumping Roku and DraftKings

Ace hedge fund manager Cathie Wood’s ARK Invest ETFs (exchange-traded funds) made notable portfolio adjustments on Wednesday, August 27, according to the funds’ daily disclosures. She invested millions in Ethereum-backed Bitmine Immersion Technologies BMNR -1.00% ▼ and continued to accumulate shares of biotechnology stocks.

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At the same time, Wood dumped shares of TV streaming giant Roku ROKU +1.41% ▲ and the online sports betting platform DraftKings DKNG +0.90% ▲ , consistent with her recent selling trend. Let’s understand these trades in detail.

Wood Buys the Dip in Bitmine Stock

Wood has been accumulating shares of Bitmine, leveraging every dip in the stock price. BMNR stock was down nearly 8% yesterday. The company is rapidly increasing its Ethereum treasury, with its ETH holdings exceeding $8 billion. Notably, Bitmine aims to acquire and stake 5% of Ethereum’s total supply.

The ARK Innovation ETF ARKK +0.73% ▲ bought 227,569 shares of Bitmine, while the ARK Next Generation Internet ETF ARKW +1.39% ▲ acquired 70,991 shares, and the ARK Fintech Innovation ETF ARKF +1.37% ▲ purchased 40,553 shares of Bitmine. Together, the funds purchased 339,113 shares of Bitmine, valued at roughly $16.94 million.

Wood Accumulates Biotech Stocks

On August 27, the ARKK ETF acquired 124,275 shares of CRISPR Therapeutics CRSP -0.90% ▼ , investing approximately $6.82 million. This latest purchase has boosted CRISPR to the 10th largest holding in ARK’s combined portfolio, with a market value of $452.5 million and representing a 3.49% portfolio weighting.

At the same time, Wood purchased an additional 185,200 shares of Intellia Therapeutics NTLA +1.58% ▲ , valued at $2.10 million, continuing her recent bullish stance on the gene-editing company. Wood has shown strong conviction in gene-editing technologies, viewing them as a highly promising pathway for developing treatments for rare diseases.

Wood Offloads Roku and DraftKings Stocks

On the selling side, the ARK funds sold a significant chunk of DraftKings, disposing 266,052 shares across the same three ETFs for a total value of about $12.69 million. Moreover, Wood offloaded 85,278 shares of Roku from the ARKK fund, worth $8.15 million. Wood appears to be taking advantage of Roku’s recent surge, as the stock has climbed 30% in the past three months.

Here’s how these stocks perform on TipRanks’ Stock Comparison Tool:

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Elon Musk Pushes to Win His Fight With the SEC Over His Twitter Stake

Elon Musk Pushes to Win His Fight With the SEC Over His Twitter Stake

Tesla TSLA -1.04% ▼ CEO Elon Musk has filed a motion to dismiss a civil lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The suit accuses him of waiting too long in 2022 to reveal his large stake in Twitter, now called X. The SEC says Musk broke disclosure rules by missing the 10-day filing deadline required when investors cross a 5% ownership threshold.

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SEC Alleges Musk Delayed Filing to Benefit

According to the SEC, Musk should have disclosed his stake by March 24, 2022, but instead revealed his position 11 days late on April 4. By then, he had quietly built a 9.2% stake worth more than $500 million at artificially suppressed prices.

Regulators argue this allowed Musk to keep buying Twitter shares at lower prices, leaving other investors at a disadvantage. The agency wants Musk to pay fines and give up any profits tied to the delay.

Musk Argues He Acted in Good Faith

Musk’s lawyers said that he stopped buying Twitter shares once his wealth manager checked with securities lawyers about filing rules. They argue Musk disclosed his position the very next business day and did not act recklessly or with bad intent.

His team also accused the SEC of unfairly targeting him because of his “protected criticism of government overreach.”

Musk Faces Deadline to Respond

Musk faced a court deadline this week to respond to the SEC complaint. His lawyers said the case should never have been filed, pointing out that the issue centers on a single delayed form that Musk corrected more than three years ago. They added there is no ongoing violation.

While Tesla is not involved in the case, Musk’s legal troubles can still affect investor confidence in his companies.

Is Tesla a Buy, Sell, or Hold? 

On Wall Street, analysts have maintained a cautious stance on Tesla stock. According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 15 Holds, and eight Sells assigned in the last three months. The average stock price target for Tesla is $307.90, suggesting a potential downside of 11.01% from the current level.

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Microsoft Rolls Out In-House AI Models to Take on OpenAI

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Microsoft is testing its homegrown AI models to better compete with rivals and reduce its dependence on partner OpenAI.

Microsoft Rolls Out In-House AI Models to Take on OpenAI

Tech giant Microsoft MSFT +0.57% ▲ has begun testing its in-house artificial intelligence (AI) models that will compete directly with partner OpenAI while also reducing reliance on the ChatGPT maker. The company has launched two customer-focused AI models under its MAI (Microsoft Artificial Intelligence) brand, named MAI-Voice-1 and MAI-1-preview. The announcement was made by Microsoft AI CEO Mustafa Suleyman in an X post yesterday.

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The MAI-Voice-1 model is a speech-generation system that can produce an audio of about a minute in under one second. Meanwhile, the MAI-1-preview model is a text-based system designed to follow instructions and reply to routine questions in a conversational manner.

Here’s How Microsoft Seeks to Compete in AI

The MAI-1-preview is the company’s first language model that is trained completely in-house, from start to finish, without any help from OpenAI. The model was trained on about 15,000 Nvidia NVDA -0.79% ▼ H100 GPUs (Graphics Processing Units) and is now available for public testing on the LMArena platform. The model is considered highly cost-effective compared to rivals such as xAI’s Grok, which was trained on more than 100,000 GPUs.

Notably, Microsoft has already integrated MAI-Voice-1 into several products, such as Copilot Daily, where the model narrates daily news stories and hosts podcasts. It is also available for testing on Microsoft’s Copilot Labs. With these models, Microsoft is expanding its focus to consumer-oriented AI, aiming to create helpful, expressive, and accessible AI companions for everyday use.

To date, Microsoft has invested up to $13 billion in OpenAI and has been largely dependent on the startup for AI models. However, recent tensions between the two parties, related to OpenAI’s transformation to a public entity, Microsoft’s equity terms, and cloud exclusivity, have prompted Microsoft to strengthen its own AI capabilities. Suleyman has stressed the importance of developing “in-house expertise to create the strongest models in the world.”

Is MSFT Stock a Buy, Hold, or Sell?

On TipRanks, MSFT stock has a Strong Buy consensus rating based on 33 Buys and one Hold rating. The average Microsoft price target of $624.08 implies 22.5% upside potential from current levels. Year-to-date, MSFT stock has gained 21.6%.

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UnitedHealth (UNH) Under Fire Again Over Loan Demands after Cyberattack

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UnitedHealth stock, already down 40% YTD, faces fresh scrutiny over loan collections linked to its 2024 cyberattack.

UnitedHealth (UNH) Under Fire Again Over Loan Demands after Cyberattack

UnitedHealth Group UNH -0.52% ▼ seems to be caught in one controversy after another, with shares already down more than 40% year-to-date. Now, the largest U.S. health insurer is facing fresh pressure from lawmakers over billions of dollars in loans it issued to healthcare providers after last year’s cyberattack.

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Senators Elizabeth Warren (D–Mass.) and Ron Wyden (D–Ore.) have asked the company to explain its repayment practices, following reports that some providers were pushed to return funds on short notice.

Fallout From UnitedHealth’s Cyberattack

In February 2024, UnitedHealth’s Change Healthcare unit — a major processor of medical claims — was hit by a cyberattack that crippled billing systems across the U.S. To ease the cash crunch, UnitedHealth set up a Temporary Funding Assistance Program, issuing more than $9 billion in interest-free loans to hospitals, doctors, and clinics.

Now, more than a year later, the repayment process has come under fire. Reports suggest UnitedHealth pressed many providers to repay loans within weeks or risk losing reimbursement for their claims. This has raised concerns in Washington, where lawmakers say providers were left in financial trouble by a crisis they did not cause.

Lawmakers Question Repayment Tactics

In a letter to UnitedHealth CEO Stephen Hemsley and Optum Financial CEO Dhivya Suryadevara, Senators Elizabeth Warren and Ron Wyden criticized what they called “hardball tactics” in the company’s loan collection efforts. They asked UnitedHealth to provide details on:

  • The total number of loans issued
  • Repayment terms
  • Written agreements with providers
  • Options available for providers unable to repay within 45 days
  • Whether third-party debt collectors are involved

Lawmakers have set a deadline of September 12, 2025, for UnitedHealth to reply.

In response, a Change Healthcare spokesperson said the company has worked with “thousands of providers” to agree on repayment plans and noted that most have already met their obligations.

More Troubles Pile Up for UnitedHealth

The loan dispute adds to UnitedHealth’s growing list of regulatory problems. The Department of Justice (DOJ) is already investigating the company’s Medicare operations. Just recently, the DOJ has expanded its criminal investigation beyond Medicare Advantage billing to include other business practices. At the same time, the FTC is pressing forward with a lawsuit accusing UnitedHealth’s Optum Rx, along with other large PBMs (pharmacy benefit managers), of inflating insulin prices.

Earlier this month, Senators Warren and Wyden also opened a separate probe into whether UnitedHealth paid nursing homes bonuses for cutting down on hospital transfers.

What Is the Future of UNH Stock? 

Turning to Wall Street, UNH stock has a Strong Buy consensus rating based on 17 Buys, two Holds, and one Sell assigned in the last three months. At $314.95, the average UnitedHealth stock price target implies a 4.19% upside potential.

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Cathie Wood Invests $4M in This Biotech Stock, Trims Stakes in Roku and DraftKings

Cathie Wood Invests $4M in This Biotech Stock, Trims Stakes in Roku and DraftKings

Cathie Wood’s ARK Invest ETFs (exchange-traded funds) executed a series of trades on Thursday, August 28, 2025, according to the funds’ daily disclosures. The moves highlight ARK’s ongoing confidence in the biotechnology sector, with fresh buying in gene-editing player Intellia Therapeutics NTLA +1.58% ▲ . At the same time, ARK trimmed its positions in TV streaming giant Roku ROKU +1.41% ▲ and online sports betting operator DraftKings DKNG +0.90% ▲ .

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Wood Extends Selling in Roku and DraftKings

The biggest move of the day came from the sale of Roku shares. ARK’s flagship ARK Innovation ETF ARKK +0.73% ▲ offloaded 55,624 shares, worth about $5.35 million, extending a selling streak that has lasted throughout the past week. The repeated trimming suggests ARK may be pulling back from the streaming device company after years of heavy exposure.

ARK also cut its stake in DraftKings, selling 54,679 shares across three funds — the ARKK, ARK Next Generation Internet ETF ARKW +1.39% ▲ , and ARK Fintech Innovation ETF ARKF +1.37% ▲ — for about $2.61 million. The sale continues a pattern of reduced exposure this week, pointing to a possible reallocation away from digital sports betting and gaming.

In terms of performance, Roku and DraftKings shares have gained 31.2% and 29.7% year-to-date, respectively.

Wood Boosts Biotech Bet with Intellia Purchase

Meanwhile, ARK leaned into biotech with its largest purchase of the day: Intellia Therapeutics. The ARKK ETF added 349,930 Intellia shares worth about $4.0 million.

Intellia, a leader in gene-editing technology, has been a consistent buy for ARK in recent weeks, signaling growing conviction in its long-term prospects. The stock has gained over 56% in the past three months.

Let’s take a brief look at how all these stocks perform on TipRanks’ Stock Comparison Tool:

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Union Surges Ahead in Kentucky, Ford Stock (NYSE:F) Sinks

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The Kentucky union vote is leaning union, but just barely. Meanwhile, another recall looms on the horizon.

Union Surges Ahead in Kentucky, Ford Stock (NYSE:F) Sinks

Recently, we found out about something of a potentially serious issue brewing for legacy automaker Ford F -1.68% ▼ . The United Auto Workers (UAW) union was attempting to establish a presence at the BlueOval SK plant in Kentucky, a move that would put the UAW in a position to build the next generation of vehicles. Now, the UAW is claiming victory, though some challenged ballots remain. And Ford suffered, with shares down nearly 2% in Thursday afternoon’s trading.

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The reports suggest that early returns showed the UAW won the union vote at the plant, but there were two issues. One, there were a set of “contested ballots” involved, in which the vote was not so clear. Two, the vote was close to begin with. Thus, if those “contested ballots” are sufficiently swung against the UAW, the UAW could be out after all.

Reports note that the vote turned out 526 for and 515 against. However, 41 ballots are contested. The UAW asserts that the contested ballots never should have existed to begin with, cast by employees who were “…ineligible to join the bargaining unit.” No matter which side claims victory here, it will not be a big win. The vote was simply too close to be anything else.

Oh, and Another Half-Million Vehicles Recalled

It would have been remarkably depressing to issue another article about Ford recalls for the second day in a row, so I am grateful for the union update. Yes, there is another, completely separate Ford recall, and this time, around half a million vehicles are impacted.

This time, the matter relates to a ruptured hose in the brake system, which could cause brake fluid to leak. This in turn can reduce the effectiveness of brakes, lengthen stops, and potentially cause brakes to fail altogether. There are no reports of accidents, yet. The vehicles impacted are the Lincoln MKX from 2016 to 2018, and the Ford Edge from 2015 to 2018.

Is Ford Stock a Good Buy Right Now?

Turning to Wall Street, analysts have a Hold consensus rating on F stock based on three Buys, eight Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 7.2% rally in its share price over the past year, the average F price target of $10.77 per share implies 8.07% downside risk.

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U.S. Futures Flat as S&P 500 (SPX) Hits Record, Investors Eye Inflation Data

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As we approach the end of August, September is usually a weak month for the stock market.

U.S. Futures Flat as S&P 500 (SPX) Hits Record, Investors Eye Inflation Data

U.S. stock futures held steady Thursday night following a new record close for the S&P 500 Index (SPX), fueled by renewed optimism in artificial intelligence stocks. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index were down 0.13%, 0.09%, and 0.05%, respectively, at 11:21 p.m. EDT on August 28.

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Stock indices finished today’s trading session in the green. The Nasdaq 100, the S&P 500, and the Dow Jones Industrial Average gained 0.58%, 0.32%, and 0.16%, respectively. As we approach the end of August, September is usually a weak month for the stock market, based on historical trends. However, Adam Turnquist, who is the Chief Technical Strategist at LPL Financial, believes this year might be different, according to CNBC.

Indeed, he argues that while seasonal data gives a general sense of how stocks typically perform, it doesn’t reflect the current market’s strong momentum. “The trend is your friend when it comes to September,” he said, adding that the S&P 500 is currently showing strength with record highs and favorable conditions. Turnquist compares seasonal data to a weather forecast—it gives a typical climate, but not the specific “weather” we’re experiencing now. And right now, he says, the market is sunny.

With strong momentum and an upward trend, he believes the market has the support it needs to make September better than usual. He supports his argument with a key technical indicator: the 200-day moving average (DMA). When the S&P 500 is above this level heading into September, the average return for the month is a gain of 1.3%. However, when it’s below that line, the average return turns into a loss of 4.2%. This shows how much the current trend can influence September’s outcome.

Investors are now focused on new inflation data to close out August, with the personal consumption expenditures (PCE) index due. Economists surveyed by Dow Jones expect July’s PCE to rise 0.2% from the prior month and 2.6% year over year.

Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.

Is SPY Stock a Buy?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on the SPDR S&P 500 ETF Trust SPY +0.35% ▲  based on 419 Buys, 78 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SPY price target of $714.27 per share implies 10% upside potential.

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Shalu SarafElon Musk Pushes to Win His Fight With the SEC Over His Twitter Stake
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