(Post 207/Yr 6) ARK Investment Management Daily Trades 6/8/2022[Buying Moderna, Tesla and selling Spotify and SEA LTD at a loss!? ]
By Sonicericsg  •  June 10, 2022
Source:Ark Invest
Short summary of Ark trades for 6/8/2022
Ark invest began purchasing Moderna after its share price approached its one-year low.Personally,   I took the moderna vaccine, thus this purchase piqued my interest. Its net income grew in the four quarters of 2021. However, it is vital to remember that in the most recent 2022 first quarter, its net income fell to 3.66 billion from 12.20 billion in the previous quarter. Perhaps individuals are becoming accustomed to living with covid and have previously received the vaccination and booster injection, resulting in reduced demand and a lower net income?
Ark invest also continues to buy Tesla after their last purchase yesterday,it is currently in the low 700s range. Other significant sell are SEA Ltd and Spotify Technology. As mention previously , it's probably due to the low profitability and excessive competition? For instance, both YouTube and Apple
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).

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