ARKK Shares Reach Oversold Level

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On Thursday, shares of the ARK Innovation ETF (Symbol: ARKK) fell into oversold territory, with prices dipping to $71.53 per share. The Relative Strength Index (RSI) for ARKK is currently at 28.1, indicating that the stock is considered oversold below the threshold of 30. In comparison, the S&P 500’s RSI stands at 37.0.

ARKK’s 52-week performance shows a low of $38.57 and a high of $92.65, with the latest trading price at $71.75. The stock is currently trading flat on the day.

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