ARK Makes Its Biggest Robinhood Purchase in Six Months After Slide
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Cathie Wood’s ARK bought Robinhood shares as the stock’s one-month decline exceeded 23%, according to CoinDesk.
Cathie Wood’s ARK bought shares of Robinhood in what CoinDesk described as its largest purchase of the stock in six months.
Robinhood shares, which trade under the ticker HOOD, dropped 3.3% on Wednesday. The latest fall pushed the stock’s losses over one month beyond 23%.
The purchase came against that decline, with ARK adding to its Robinhood exposure. The report excerpt did not specify the transaction’s value or the number of shares acquired.
Source: CoinDesk
