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Has Illumina Lost Its Shine?

·3 min read
Has Illumina Lost Its Shine?
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In 2016, Cathie Wood and ARK investment management described Illumina (NASDAQ: ILMN) as "the cornerstone of our Genomic Revolution theme, and one of our highest conviction stocks." Illumina became one of the largest holdings across several ARK ETFs including the ARK Innovation ETF (NYSEMKT: ARKK) and ARK Genomic Revolution ETF (NYSEMKT: ARKG). What was behind ARK's loss of conviction in Illumina?