Shares of Ark Innovation ETF (ARKK) are trading -5% lower at a price of $46.34 at the time of this writing.

Ark Innovation ETF has been trading between a 52-week high of $125.63 and a 52-week low of $35.1. The stock has a market cap of $9.55 Billion.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

SPDY1284 - 7 upvotes - source
This TA is the same as mine. Next week should be a straight down shot with a head fake in the middle. The fact that we've had so many bad news come out this week and the markets is going straight up tells you that this is just another bear market rally. SNAP/Twitter earnings should have dumped every stock in ARKK by 10% and they are flat to green this morning... unreal.

Moist-Establishment2 - 4 upvotes - source
Imagine holding ARKK, a fund that managed to return -55% while its largest holding is still up over 1000%

stevoacp1 - 4 upvotes - source
ARKK analyst: “why this car vending machine will go to $4000/share by 2025”

FuckTesla69 - 3 upvotes - source
TSLA up 10%, ARKK up 1%. Fucking trash

Dung-Slinger - 2 upvotes - source
SNAP dragging down ARKK and friends. Google getting it too 😂

kstorm88 - 2 upvotes - source
Arkk up 40% from the bottom. Can't deny it.

Dogdays91 - 1 upvotes - source
Wow. That's even worse than cathie wood and the arkk invest team

JFSM01 - 1 upvotes - source
arkk short

fuscosco - 1 upvotes - source
Its one of the reasons why I didn't play Tesla for Tesla earnings. But I'm still short arkk, and it kind of concerns me

patrickswayzemullet - 1 upvotes - source
It's very clear it's algo-driven. I must admit when ARKK went 49, I wanted to sell my Sept puts. But I persevered. It is very clear FOMC goes brrrrrrrrt