Cathie Wood Sees Opportunity in Robinhood's Crypto Weakness? Ark Buys HOOD Stock Worth 34 Million, Dumps Airbnb Ahead Of Earnings
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On Wednesday, Cathie Wood-led Ark Invest made a bold move by significantly increasing its position in Robinhood Markets Inc. (NASDAQ:HOOD), acquiring over 433,000 shares across multiple ETFs despite the stockβs 8% drop following a 38% plunge in crypto revenue. Ark also purchased shares of Figma Inc. (NYSE: FIG) on the same day and sold a substantial amount of Airbnb Inc. (NASDAQ: ABNB) stock. The Robinhood Trade ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK)
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On Wednesday, Cathie Wood-led Ark Invest made a bold move by significantly increasing its position in Robinhood Markets Inc. (NASDAQ:HOOD), acquiring over 433,000 shares across multiple ETFs despite the stockβs 8% drop following a 38% plunge in crypto revenue. Ark also purchased shares of Figma Inc. (NYSE: FIG) on the same day and sold a substantial amount of Airbnb Inc. (NASDAQ: ABNB) stock. The Robinhood Trade ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK)