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Sarah Patel's Avatar
published in Blogs
Dec 01, 2021

Ark Investment Management bought $25 million of shares in Robinhood Markets .

Ark Investment Management purchased $25 million of shares in trading platform Robinhood Markets . The purchase amounts to 572,717  shares valued at about $15.5 million via the ARK Innovation ETF, and 342,346 Robinhood shares worth $9.3 million through the Ark Fintech Innovation ETF.

Prior to the latest purchase,  ARKK and ARKF owned 13.2 million shares of Robinhood worth $356.74 million.

Related Ticker: ARKK

ARKK's RSI Indicator climbs out of oversold territory

The RSI Oscillator for ARKK moved out of oversold territory on May 04, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 36 similar instances when the indicator left oversold territory. In of the 36 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on ARKK as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ARKK just turned positive on May 08, 2023. Looking at past instances where ARKK's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

ARKK moved above its 50-day moving average on May 17, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ARKK crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for ARKK moved above the 200-day moving average on June 01, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ARKK advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 336 cases where ARKK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARKK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Shopify (NYSE:SHOP), Block (NYSE:SQ), Zoom Video Communications (NASDAQ:ZM), Exact Sciences Corp (NASDAQ:EXAS), Twilio (NYSE:TWLO), Roku (NASDAQ:ROKU), Teladoc Health (NYSE:TDOC), PagerDuty (NYSE:PD), 2U (NASDAQ:TWOU).

Industry description

The investment seeks long-term growth of capital. The fund is an actively-managed exchange-traded fund ("ETF") that will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. The fund may invest in foreign securities listed on foreign exchanges as well as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). The fund is non-diversified.

Market Cap

The average market capitalization across the ARK Innovation ETF ETF is 51.96B. The market cap for tickers in the group ranges from 278.92M to 678.18B. TSLA holds the highest valuation in this group at 678.18B. The lowest valued company is NVTA at 278.92M.

High and low price notable news

The average weekly price growth across all stocks in the ARK Innovation ETF ETF was 6%. For the same ETF, the average monthly price growth was 20%, and the average quarterly price growth was 9%. CERS experienced the highest price growth at 17%, while PD experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the ARK Innovation ETF ETF was -1%. For the same stocks of the ETF, the average monthly volume growth was 33% and the average quarterly volume growth was 44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 64
P/E Growth Rating: 77
Price Growth Rating: 49
SMR Rating: 86
Profit Risk Rating: 83
Seasonality Score: 41 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category MidCapGrowth

Profile
Fundamentals
Details
Category
Mid-Cap Growth
Address
ARK ETF Trust155 West 19th Street, 5th FloorNew York
Phone
212-426-7040
Web
www.ark-funds.com
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ARKK and

Correlation & Price change

A.I.dvisor indicates that over the last year, ARKK has been closely correlated with IPO. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKK jumps, then IPO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ARKK
1D Price
Change %
ARKK100%
+1.24%
IPO - ARKK
94%
Closely correlated
+1.79%
HAPY - ARKK
91%
Closely correlated
+1.88%
VXF - ARKK
89%
Closely correlated
+2.96%
QQQJ - ARKK
88%
Closely correlated
+2.13%
KOMP - ARKK
88%
Closely correlated
+2.01%
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