Connect with us

Business

ARK Innovation ETF Plunges on Tesla, Roku Pullback – Barron’s

ARK Innovation’s losses are mostly due to the pullback in tech stocks, especially in some of its largest holdings.

Published

on

Article feature image
ADVERTISEMENT

Investors in the hugely popular
ARK Innovation
exchange-traded fund are having their worst week since March last year. The $27 billion exchange-traded fundknown for its large bets on innovative companies like
Tesla
(ticker: TSLA) and
Roku
(ROKU)tumbled 5.8% on Monday, followed by another 11% plunge in Tuesday morning trading. As of noon, ARK Innovation (ARKK) has recovered some of its earlier losses and is trading about 6.7% lower for the day. Still, the fund is now down 11.5% for the week….

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Stick to your favorite growth stocks and ‘just forget about what’s next’ with inflation, says this analyst – MarketWatch
Article feature image
Texas customer sues over $9,000 power bill during blackout – CBS News
Article feature image
Illinois COVID Update Today: IL reports 2,022 new coronavirus cases, 44 deaths; state expand 1B vaccine eligibility – WLS-TV