ARKW Stock Summary and Trading Ideas (Ark Web X.0 ETF | ARCA:ARKW)

Securities within ARKW are focused on and expected to benefit from shifting the bases of technology infrastructure from hardware and software to the cloud, enabling mobile and local services. These benefits can come from such companies that rely on or benefit from the increased use of shared technology, infrastructure and services.

Ark Web X.0 ETF trades on the ARCA stock market under the symbol ARKW.

As of September 29, 2023, ARKW stock price climbed to $54.18 with 281,617 million shares trading.

ARKW has a beta of 2.24, meaning it tends to be more sensitive to market movements. ARKW has a correlation of 0.66 to the broad based SPY ETF.

ARKW has a market cap of $1.26 billion. This is considered a Small Cap stock.

In the last 3 years, ARKW stock traded as high as $191.13 and as low as $36.02.

ARKW has underperformed the market in the last year with a price return of +12.4% while the SPY ETF gained +17.2%. ARKW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.2% and -7.3%, respectively, while the SPY returned -1.6% and -4.3%, respectively.

ARKW support price is $52.62 and resistance is $54.34 (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 ARKW stock will trade within this expected range on the day.