As of Thursday, the ARK Innovation ETF (ARCA: ARKK) held 31 stocks. But there's only one name in the entire basket that appeals to Jay Woods, chief market strategist at Drive Wealth and NYSE executive floor director.
Bed Bath & Beyond Inc (NASDAQ: BBBY) shares have seen increased volatility in 2023 on the heels of an announcement that it was exploring strategic alternatives, including potential bankruptcy.
Silvergate Capital Corp (NYSE: SI) shares are plunging Thursday morning after the company announced select preliminary fourth-quarter financial metrics and provided a business update, which includes reducing headcount by 40%.