FDA Approval Could Send Stock up 46,751%

Whenever the FDA approves a new drug...Timely investors could see 300-400% returns overnight...CCXI returned 281% to investors in one day...Relmada shot up 971% in 9 months...Agile soared 305% in 5 months...

Cathie Wood To The Moon! Ark Invest Loading Up On This Space Company For Its ETFs

Chris Katje
September 28, 2022

Ark Invest and Cathie Wood have bet on several space-related companies over the years. The ETF company also launched its own space ETF in 2021 to tackle the growing industry. One space-related company was recently added to two Ark Invest ETFs this week.

What Happened: A new position in Rocket Lab USA Inc (NASDAQ:RKLB) was taken by the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and the Ark Space Exploration & Innovation ETF (BATS:ARKX) this week.

Rocket Lab, which went public via SPAC merger, is one of the largest commercial space exploration companies, trailing only SpaceX in terms of rocket launches.

Ark Invest bought 571,467 shares of RKLB on Monday and Tuesday for the ARKQ ETF. The purchases make Rocket Lab the 37th largest position at $2.39 million and 0.25% of assets.

Ark Invest bought 157,470 shares of RKLB on Monday and Tuesday for the ARKX ETF. The purchases make Rocket Lab the 35th largest position at $660 million and 0.25% of assets.

Related Link: Analyst Rating For Rocket Lab (RKLB) 

Why It’s Important: A general theme of Cathie Wood and Ark Invest is to find disruptive and innovative companies. The space sector is expected to continue its expansion and companies such as Rocket Lab and SpaceX helping grow the sector.

Rocket Lab had its first successful launch in 2018 and completed more than 20 flights in its history including seven in 2022. The company has missions booked for trips to Mars and Venus as well.

Like SpaceX, Rocket Lab is also hoping its reusable rocket program can help boost the number of launches and associated costs.

Rocket Lab recently held an investor day and shared updates on several programs moving forward. The company’s Electron program is among the leaders in small satellite launches with more than 30 missions completed.

The company highlighted several future missions including a launch in December and a new contract with a confidential customer for the first quarter of 2023.

Rocket Lab’s Space Systems segment highlighted its upcoming planned interplanetary missions to Mars and Venus.

Ark Invest is now investing in a leading publicly traded rocket company, despite it being referred to as the second-best rocket launch company or number two behind SpaceX, which is not public. While Ark Invest has only bought shares on two occasions, its ETFs could continue to accumulate shares and make a big bet on the future of space via Rocket Lab.

RKLB Price Action: Rocket Lab shares were up 4.53% to $4.38 at market close Wednesday versus a 52-week range of $3.53 to $16.97.

Photo: Dima Zel via Shutterstock

Continue Reading...

Most Popular
November 27, 2022

Ethereum Whale Accumulation Soars To Highest Rate In 2 Years: What That Means For Investors

The second largest cryptocurrency, Ethereum (CRYPTO: ETH), traded lower on Friday, falling below the $1,200 level, before bouncing back above the key level early Sunday.</

November 29, 2022

His win rate puts Warren Buffett to shame... - Ad

While most investors and analysts scrambled trying to pick up the pieces from the market rollercoaster ride we've been on... This strategy has been quietly chugging along for over 6 years without closing a single loser.

November 28, 2022

Tesla, Apple, Anavex, Axsome, Pinduoduo: Why These 5 Stocks Are Drawing Investors' Attention Today

Major Wall Street indices closed over 1% lower on Monday after protests in China against COVID-zero policies led to supply chain concerns.

November 28, 2022

What Does Estee Lauder Cos' Debt Look Like?

Over the past three months, shares of Estee Lauder Cos Inc. (NYSE:EL) decreased by 13.49%. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials.

November 29, 2022

Legal Crypto Loophole - Ad

On the training, you will learn about the... "Window Of Opportunity - 7 Ways To Make Money With Crypto Even If You Are Brand New" plus a bonus 8th "Instant Money Loophole" strategy you can start today.

November 28, 2022

Tesla Stock Is Trading Higher: What's Going On?

Tesla Inc (NASDAQ: TSLA) shares are trading higher Monday following a report suggesting the company is working on a revamped Model 3 vehicle, which could

November 29, 2022

Get Your Money Out of U.S. Banks Immediately - Ad

A historic financial reset in 2023 could soon result in a run on the banks. Get out of cash and into a new vehicle 50 years in the making.

November 27, 2022

A $1,000 Investment In Apple Just After Thanksgiving Could Be Worth This Much By The End Of The Year

Apple, Inc.’s (NASDAQ: AAPL) stock is down about 16.1% in the year-to-date period. The decline is almost in line with the performance of the broader

November 28, 2022

Barclays Says 'The Worst Is Yet To Come' For Beyond Meat And Tyson Foods As Inflation Takes A Bite Out Of Profits

Barclays analysts expect protein sales to be impacted by rising prices for years to come, hence the downgrade of Beyond Meat Inc (NASDAQ: BYND) and Tyson Foods, Inc. (NYSE: TSN) Monday morning.

November 29, 2022

$1 Today Could "Bulletproof" Your Portfolio for Life - Ad

Inflation is burning a hole through paychecks, savings, and retirement portfolios. We want you to understand what's really happening in the global economy and how to "bulletproof" your portfolio... We're living through strange times... make sure you are well informed for the days ahead.

November 28, 2022

Bankrupt BlockFi Sues Sam Bankman-Fried Over Robinhood Shares Pledged As Collateral

BlockFi, the latest crypto lending platform to go bankrupt, has filed a suit against FTX (CRYPTO: FTT) founder Sam Bankman-Fried's holding company Emergent Fidelity Technologies, seeking his shares in Robinhood (NASDAQ:

November 29, 2022

This System Has Failed You... Now It Can PAY You - Ad

Former Goldman Sachs banker and eye surgeon: Nothing else has 1/10th as much potential over the next decade.

November 28, 2022

Lionel Messi Linked To MLS Team: Here's The Details And Who Could Benefit

Soccer superstar Lionel Messi is being linked to Major League Soccer (MLS) as his next home. Here’s what a move to America’s top soccer league could mean.

November 28, 2022

This Is What Whales Are Betting On Snowflake

Someone with a lot of money to spend has taken a bearish stance on Snowflake (NYSE:SNOW). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

November 29, 2022

73-Year-Old Entrepreneur Issues Warning About Next Big Bankruptcy - Ad

He owns large properties on four continents, and recently came forward with a big warning about the next big bankruptcy and collapse in America. He says it's going to catch the Biden administration and almost everyone else by surprise, although the signs should be obvious to everyone. We've posted his warning (and 4 steps to prepare) on our website.

November 29, 2022

Wall Street Legend Warns "Financial Reset" Is Coming - Ad

A historic event in 2023 could soon result in a run on the banks. Get out of cash and into a new vehicle 50 years in the making.

November 28, 2022

Follow The Ladies: These Stocks Cater To Women And Hit All-Time Highs As Stock Market Swoons

Every stock picker wants to find the next Apple Inc (NASDAQ: AAPL) or Amazon.com Inc (NASDAQ: AMZN) – sexy tech stocks with tremendous growth potential.

November 29, 2022

The One Ticker Retirement Plan - Ad

Over the Shoulder Demo Now Available - Market Wizard Larry Benedict crushed the market in 2022. But he hasn't done it with a "traditional" method... For a limited time, he's sharing a free over-the-shoulder "demo" of his strategy in action. It takes less than 10 seconds...

November 27, 2022

Trump's Former National Security Adviser Calls Him 'Old And Tired,' Praises This Potential 2024 Challenger

Donald Trump may have officially launched his 2024 presidential campaign, but one of his former White House advisors seems less than supportive of his decision.

November 29, 2022

This will drive Putin CRAZY - Ad

Wall Street is now projecting at least one stock will rise from $30 to $280 thanks to Putin's blunder. Putin sure wouldn't like watching this video from our friends at The Oxford Club.But YOU SHOULD if you want to see how to cash in on his mistake...

November 28, 2022

It's Cyber Monday: These 2 Mall REITs Are Offering Investors Better Than Average Yields

Using data gathered from Sept. 30, 2019, SP Global reported that over a 10-year period, real estate investment trusts (REITs) dealing with the retail industry had an average annual return of 10.1%.

November 28, 2022

Flora Growth Shares Trading Higher On Reported Q3 Revenue Growth Of 414% YoY

Flora Growth Corp. (NASDAQ: FLGC) released its financial and operating results for the third quarter ended September 30, 2022, revealing total revenue for the quarter was $10.8 million, an increase of 414% year over year, driven by Flora’s House of Br

November 29, 2022

Want to Catch the Next Hot Investing Trend (Look Inside?) - Ad

While millennials are trying to get rich in crypto Ponzi schemes- there's something happening that Wall Street is TOTALLY ignoring. And it's about to affect every American Citizen over 55...

November 28, 2022

Trump Fails To Get 'Absolute Immunity' In 2020 Elections Lawsuit As Judge Dismisses His Actions As 'Purely Political'

Former President Donald Trump will reportedly not be able to claim immunity in a lawsuit that accuses him of civil rights violations in relation to the 2020 elections.

November 27, 2022

What Elon Musk's 2-Year-Old Son Was Doing At Twitter Headquarters; Why The Company May Now Be Hiring

After taking the helm at Twitter, Elon Musk conducted his first crucial meeting with its employees at the company headquarters in San Francisco. 

November 29, 2022

China Has Stunning Lithium Chokehold on U.S. - Ad

What's happening now is dangerous. The U.S. barely has any lithium so desperately needed for our military's equipment. China controls 80% of the world's lithium. If the communist country decides to withhold it from the U.S., our military could be brought to its knees.

November 28, 2022

Fox Scores Big With Record-Breaking USA Vs. England, Michigan Vs. Ohio State Viewership

Two of the most talked about sporting events in America happened after Thanksgiving Day and they were both aired by the same media company. Here’s a look at the record-setting performances for sports over the long holiday weekend.

November 28, 2022

This Is What Whales Are Betting On Alibaba Group Holding

Someone with a lot of money to spend has taken a bearish stance on Alibaba Group Holding (NYSE:BABA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

November 29, 2022

Is This Your Crypto? - Ad

Are you tired of only losing at Crypto? Do you wish there was a way that you could invest in crypto, make daily profits and not spend all day looking at charts or worrying about your capital?

November 27, 2022

Elon Musk Leads By Example, Says He Coughed Up $8 For His Twitter Blue Check Mark

Twitter CEO Elon Musk said Sunday that he was paying the $8 fee for the company’s “verified” blue badge.

November 28, 2022

Buying This Manchester United Call Option On Tuesday Would Have Yielded A 10-Fold Return A Day After Thanksgiving

Shares of football club Manchester United PLC (NYSE: MANU) surged over 65% in five days following a report that Apple Inc. (NASDAQ:

November 29, 2022

The "Drug Smuggler" Scaring Big Pharma - Ad

A small, publicly traded biotech is racing to the discovery of a lifetime: using a "drug smuggler" to fight Alzheimer's, Parkinson's and Dementia. CNBC says this treatment "would help tens of millions of people." That's enough to send shares of this tiny biotech up 10,000%.

November 28, 2022

Binance Moves $2B Bitcoin From Proof Of Reserves As 'Part Of Audit:' CZ Says More To Come

Binance has moved 127,351 Bitcoin (CRYPTO: BTC) worth $2 billion from its proof-of-reserves to demonstrate its control over a wallet, which received a huge transfer on Monday and sparked worries among cryptocurrency users.

Most Recent
November 29, 2022

The One Ticker Retirement Plan - Ad

November 29, 2022

Tesla's biggest secret - Ad

November 29, 2022

My #1 Biotech Stock For November - Ad

November 29, 2022

"Prepare for Five Years of Famine" - Ad

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2020 activatrade.ca
Privacy Policy | Terms of Service