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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