Cathie Wood's Ark Invest Buys the Dip on Coinbase and Robinhood—Both Now Surging

Ark Invest, the investment firm of noted tech investor Cathie Wood, added $4 million worth of shares in American crypto exchange Coinbase (COIN) and $12 million of financial trading app Robinhood (HOOD) on Tuesday, buying the dip as markets slid due to war uncertainty in Iran. Now, though, shares of both are rebounding, jumping around 13% and 9% respectively since the opening bell amid rising cryptocurrency prices. The stocks are still down about 33% and 19% respectively in the last six months. Nevertheles ...