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Benzinga
Benzinga
Business
Adam Eckert

Cathie Wood's ARK Innovation ETF Hits 52-Week Low: What's Going On?

ARK Cathie Wood ARK Innovation ETF ETF Nasdaq Roku Teladoc Ark Invest Coinbase NYSE

ARK Innovation ETF (NYSE:ARKK) is making new 52-week lows on Thursday, led by sharp declines in the top holdings of Ark's flagship fund.

Teladoc Health Inc (NYSE:TDOC) is trading significantly lower after the company reported weak financial results. The virtual health company reported an earnings loss of $41.58 per share, which Teladoc said was primarily driven by a non-cash goodwill impairment charge of $6.6 billion ($41.11 per share).

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