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GENI (Genius Sports) slid a full 25% on Tuesday after reporting earnings that were middling. They did beat on top line revenue but they missed hard on per share earnings, coming in at negative 37 cents per share vs the expected negative 12 cents.

The whole growth sector slid fairly hard so any type of miss may have provoked a cascade of selling pressure that drove the price down...

Daily candlestick chart of GENI showing the recent selloff after GENI reported Q3 2021 earnings.

Daily candlestick chart of GENI showing the recent selloff after GENI reported Q3 2021 earnings.

Here's ARK's own words...

ARK Invest's blurb on why GENI stock sold off 25% after reporting Q3 2021 earnings.

ARK Invest's blurb on why GENI stock sold off 25% after reporting Q3 2021 earnings.

ARK now owns 2.65% of the company across just the ARKW fund. It's the 99th largest weight ranking in the portfolio.