Cathie Wood Sees Opportunity In Robinhood's Pain? Ark Invest Doubles Down On HOOD With $15 Million Buy Amid 9% Stock Plunge - Robinhood Markets (NASDAQ:HOOD)
Benzinga·2025-12-12 09:37

On Thursday, Cathie Wood-led Ark Invest made notable trades, prominently increasing its stake in Robinhood Markets Inc. (NASDAQ:HOOD) .The Robinhood TradeARK Innovation ETF (BATS:ARKK)  and ARK Next Generation Internet ETF (BATS:ARKW) collectively acquired a total of 124,427 shares of Robinhood. The purchase was valued at approximately 15.35million,basedonRobinhoodsclosingpriceof15.35 million, based on Robinhood’s closing price of 123.38. This acquisition follows Robinhood’s recent initiatives to broaden its crypto services, including the introduct ...