Cerebras Systems Inc. is trading 6.5% down at $221.20 as investors lock in gains following a volatile post-IPO period and a recent surge fueled by ARK Invest.
- The stock previously jumped 10.9% after Cathie Wood’s ARK Invest disclosed a new 62,000-share stake in the company.
- Shares have experienced significant volatility, swinging more than 10% in multiple recent sessions amid broader market weakness.
- The downward move comes as traders consolidate gains from the recent rally while broader indices trade modestly lower.