Cathie Wood’s ARK Innovation ETF falls to new low for the year, off nearly 35% from recent high [CNBC]
Teladoc Health, Inc. (TDOC)
Last teladoc health, inc. earnings: 4/29 04:05 pm
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Source: CNBC
“The issue with ARKK and other speculative growth ETFs is that short-term rallies have been aggressively faded for three months now,” Frank Cappelleri, Instinet executive director, told CNBC. “The ETF will have to do more than just bounce for a few days to convince traders otherwise.” Cathie Wood’s flagship fund Ark Innovation hit its lowest point of the year on Monday amid further selling in innovation stocks. Ark Innovation ’s drop of as much as 5% on Monday dragged the “disruptive innovation” ETF below its February low, a level that many investors are watching as a barometer for the larger tech sector. Ark Innovation is now nearly 35% off its most recent high. Wood’s core ETF is now down nearly 13% this month and more than 15% year-to-date. Zoom In Icon Arrows pointing outwards Some of Ark Innovation’s top holdings took big hits on Monday as the Nasdaq Composite dropped as much as 1.5%. Tesla fell 4% and Teladoc Health dropped 4.6%. Square and Roku fell nearly 6% and 3%, resp
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TDOC
Earnings
- 2/20/24 - Beat
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Sec Filings
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- 4/17/24 - Form 144
- TDOC's page on the SEC website