Cathie Wood Sells Crypto Stocks and Buys Netflix Shares
- Crypto Trading Activity: On April 17, Cathie Wood sold shares of Circle and Bullish, with 11,465 shares of Circle worth $1.21 million and 31,417 shares of Bullish worth $1.36 million, indicating her cautious stance towards the crypto market.
- Legal Challenges for Circle: Circle is facing a class-action lawsuit for failing to freeze USDC assets, with a market cap of $78.63 billion accounting for nearly 25% of the stablecoin market, which may impact its future market performance.
- Netflix Investment Update: On the same day, Wood bought 26,161 shares of Netflix worth $2.54 million, despite Netflix reporting Q1 revenue of $12.25 billion and profit of $5.28 billion, as its stock fell 9.72% to $97.31 due to only slightly exceeding expectations.
- Alamar Biotech Investment: Wood also purchased 537,463 shares of Alamar for $11.96 million, with the company’s stock jumping 33% on its Nasdaq debut, reaching a valuation of $1.53 billion, reflecting Wood's confidence in emerging biotech firms.
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Technical Analysis for DRIFT
Technical Sentiment Analysis for Drift (DRIFT). As of , Drift (DRIFT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIFT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DRIFT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Drift (DRIFT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0133 | 0.0234 | 0.0298 | 0.0399 | 0.0463 | 0.0564 | 0.0628 |
| Fibonacci | 0.0234 | 0.0297 | 0.0336 | 0.0399 | 0.0462 | 0.0501 | 0.0564 |
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