RKLB is trading at $78.02 (-5.19%) following a share sale by ARK Invest and a broader selloff in the technology sector.
- ARK Invest offloaded 50,312 shares worth $4.01 million on April 27, marking its second recent sale and increasing downward pressure on the stock.
- The Nasdaq fell 1.42% and the S&P 500 dropped 0.72% as tech stocks reacted to a growth miss from OpenAI.