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)

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 $15.35 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 ...