9/25/2021
Short summary of Ark trades for 9/27/2021
Evergrande company did not make its $83.5 million interest payment owed to bondholders and Chinese authorities have instructed the local government to prepare for the potential downfall and has cancel plans to issue shares of its electric vehicle unit on the Shanghai stock exchange if Evergrande fails.Also,People's Bank of China (PBOC), the country’s central bank, announced it was banning the transaction and mining of crypto.This resulted in various growth stock declining.Ark invest has taken the opportunity continue to increase their shares in \Signify and Robinhood. One important thing to note that Ark has completely sell all of its Tencent stock in ARKK ETF ,ARKX ETF,ARKW,ARKQ ETF,only its ARKF still hold TENCENT.Ark has also sold all of its ke holdings stock in its ETF.Another important thing to note that ARK has sold all of its baba position at sept 4 and do not hold any more baba shares as of 23 sept.This could be a good start to initiate position in chinese company for those risk taker. Another stock that Ark has exited their entire position is PSTI
One notable stock for the day...
Signify health INC
Signify Health, Inc. is a healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Its solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. The company operates through two business segments: Home & Community Services and Episodes of Care Services. The Home & Community Services segment focuses on reaching and engaging populations at home. The Episodes of Care Services segment manages episode-based payment programs. The company was founded in 2009 and is headquartered in Norwalk, CT.
Percent change for Sept(Signify Health)
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