ARK Investment Management LLC Sells 36,404 Shares of Mynaric AG (NASDAQ:MYNA)

ARK Investment Management LLC decreased its position in Mynaric AG (NASDAQ:MYNA) by 6.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 488,868 shares of the company’s stock after selling 36,404 shares during the period. ARK Investment Management LLC’s holdings in Mynaric were worth $2,039,000 at the end of the most recent quarter.

Mynaric Trading Down 12.4 %

NASDAQ MYNA traded down $0.14 on Tuesday, reaching $0.99. 224,391 shares of the stock traded hands, compared to its average volume of 26,078. Mynaric AG has a 12 month low of $0.98 and a 12 month high of $7.58. The company has a fifty day moving average price of $3.78 and a 200-day moving average price of $4.47.

Mynaric Company Profile

Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial applications.