Cathie Wood Doubles Down: Mops Up Another $1.39 Million Worth Of Robinhood Stock Amid Trump Tariff Dip
Benzinga (Thu, 03-Apr 11:39 PM)
On Thursday, Cathie Wood-led Ark Invest made a significant move by purchasing shares of Robinhood Markets Inc. (NASDAQ:HOOD). This strategic investment comes as Robinhood continues to expand its platform, enhancing its financial services offerings.
The Robinhood Trade
Ark Invest purchased 36,250 shares of Robinhood on Thursday. The trade, executed through the ARK Innovation ETF (NYSE:ARKK), amounted to approximately $1.39 million based on Robinhood’s last closing price of $38.26. The stock corrected by over 10% amid a broader market slump triggered by the imposition of trade tariffs by President Donald Trump. This move follows a series of investments by ...
