ARKK Stock Summary and Trading Ideas (Ark Innovation ETF | ARCA:ARKK)

ARK will select investments for ARKK that represent its highest-conviction investment ideas within the theme of disruptive innovation, as described above, in constructing the Fund s portfolio. 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 equity securities and U.S. exchange traded foreign equity securities of companies that are relevant to the Fund s investment theme of disruptive innovation.

Ark Innovation ETF trades on the ARCA stock market under the symbol ARKK.

As of January 2, 2025, ARKK stock price declined to $56.51 with 7,153,238 million shares trading.

ARKK has a beta of 2.08, meaning it tends to be more sensitive to market movements. ARKK has a correlation of 0.55 to the broad based SPY ETF.

ARKK has a market cap of $6.24 billion. This is considered a Mid Cap stock.

In the last 3 years, ARKK traded as high as $97.17 and as low as $29.43.

ARKK has underperformed the market in the last year with a price return of +7.9% while the SPY ETF gained +24.0%. However, in the short term, ARKK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.9% vs +1.8% return in SPY. But in the last 2 weeks, ARKK shares have been beat by the market, returning -10.3% compared to an SPY return of -3.3%.

ARKK support price is $55.41 and resistance is $58.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARKK shares will trade within this expected range on the day.