CATHIE WOOD SELLS $12.8 MILLION OF ALPHABET , DAYS AFTER THE STOCK SUFFERED ITS WORST DAY SINCE ITS 2004 IPO , LOSING NEARLY HALF A TRILLION DOLLARS IN MARKET VALUE

What happened: Cathie Wood's ARK Invest sold 46,164 Alphabet (NASDAQ:GOOGL) shares worth $12.8 million through ARKK and ARKQ on Nov. 4, after selling about $3.5 million a day earlier. ARK gave no reason for either trade. Key numbers: Alphabet Class A fell 12.64% to $283.82 on Oct. 29, losing about $482 billion in market value. Why it matters: Analysts split on the drop. CFRA's Angelo Zino called it a likely buying opportunity, while Pivotal Research's Jeffrey Wlodarczak sees AI as a threat to search. ARK's daily disclosures will show whether the cuts continue. Coverage: 5 outlets in 24h

Cathie Wood's ARK Invest sold 46,164 Alphabet (NASDAQ:GOOGL) shares worth $12.8 million through ARKK and ARKQ on Nov. 4, after selling about $3.5 million a day earlier. ARK gave no reason for either trade.

Analysts split on the drop. CFRA's Angelo Zino called it a likely buying opportunity, while Pivotal Research's Jeffrey Wlodarczak sees AI as a threat to search. ARK's daily disclosures will show whether the cuts continue.