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)

Group 1: Ark Invest's Trades - Ark Invest, led by Cathie Wood, significantly increased its stake in Robinhood Markets Inc. by acquiring 124,427 shares valued at approximately $15.35 million [1][2]. Group 2: Robinhood's Strategic Initiatives - Robinhood is expanding its crypto services by introducing new trading pairs for XRP, Solana, and Dogecoin in European markets, aiming to attract advanced traders with up to 7x leverage on perpetual futures pairs [3]. Group 3: Stock Performance and Analyst Ratings - Despite strategic expansions, Robinhood's stock declined by 9.05% on Thursday due to slower trading activity in November, although deposit growth and margin balances increased. Analyst Craig Siegenthaler from Bank of America Securities maintained a Buy rating but adjusted the price target from $166 to $154 [4][5]. Group 4: Other Key Trades by Ark Invest - Ark Invest also made other notable trades, including selling shares of Ibotta Inc. and purchasing shares of Schrodinger Inc. and Nurix Therapeutics Inc., with total transactions amounting to approximately $417,439 [7].