SLMT Overview

Tesla Trade: Ark Invest sold 23,110 shares of Tesla, valued at approximately $11.2 million, amid stock volatility, while Tesla's shares closed at $483.37, reflecting a 3.45% increase.

Coinbase Trade: Ark Invest purchased 17,386 shares of Coinbase for about $4.15 million, aligning with the company's launch of commission-free U.S. stock trading, expanding its services beyond cryptocurrency.

Brera Holdings Trade: Ark Invest increased its stake in Brera Holdings by acquiring 575,644 shares for around $1.4 million, following the company's strategic initiatives that previously boosted its stock.

Other Key Trades: Ark Invest also sold shares of Ionis Pharmaceuticals and Adaptive Biotechnologies while buying a significant number of shares in Recursion Pharmaceuticals across its various ETFs.

Ark Invest's Significant Trades: Cathie Wood's Ark Invest executed major trades on Wednesday, focusing on Bitmine Immersion Technologies, Coinbase, Bullish, and Shopify, reflecting a strategic approach in the tech and cryptocurrency sectors.

Bitmine Immersion Purchase: Ark Invest acquired 478,125 shares of Bitmine Immersion, valued at approximately $14.01 million, amidst a broader cryptocurrency market sell-off affecting its stock value.

Coinbase and Bullish Investments: The firm increased its stake in Coinbase by purchasing 24,198 shares for about $5.9 million and bought 209,886 shares of Bullish, valued at approximately $8.8 million, following positive earnings reports from both companies.

Shopify Holdings Adjustment: Ark Invest sold 65,302 shares of Shopify, valued at around $10.6 million, despite the company's strong sales performance during the Black Friday–Cyber Monday weekend and positive analyst ratings.

Oversold Stocks Opportunity: The communication services sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with an RSI below 30.

Gogo Inc Performance: Gogo Inc's stock has dropped 19% recently, with an RSI of 26.4, following a downgrade by an analyst, while shares closed at $5.61.

Zhihu Inc Financial Results: Zhihu Inc reported a 20% decline in stock value over the past month, with an RSI of 25.6, despite the CEO's optimism about achieving breakeven for the year.

Brera Holdings Decline: Brera Holdings PLC's stock has plummeted 67% recently, with an RSI of 24.2, closing at $2.43 after signing a term sheet for a business combination.