Coinbase vs. ARK Invest Stock Picks

This is a St. Petersburg news story, published by Yahoo Finance (Canada), that relates primarily to ARK Investment Management news.

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ARK Investment Management LLC

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

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Coinbase Global, Inc. (COIN): Among ARK Invest’s Top Stock Picks for 2024

Summary

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81% Informative

ARK Investment Management LLC, more commonly known as ARK Invest , is an American investment management firm headquartered in St. Petersburg , Florida , that oversees several actively managed ETFs.

The investment fund has around $6.7 billion in assets under management.

ARK 's flagship fund has faced pressures for the third straight year , with outflows at nearly $1.8 billion during the first six months of 2024 , which was close to triple the outflows seen in 2023 .

COIN ranks 3rd among the ARK Invest's top stock picks for 2024 .

Wall Street analysts remain bullish on the stock and have a consensus BUY rating.

Trading volume was down 18% compared to the previous quarter to $185 billion due to lower crypto asset volatility and average asset prices.

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formal

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English

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Offensive language