Cathie Wood’s ARK buys the dip on Robinhood in its largest purchase in 6 months after 23% slump
Summary
Cathie Wood’s ARK made its biggest acquisition of Robinhood in six months following a steep price slump. The investment group purchased shares during the downturn after Robinhood fell 3.3% on Wednesday. That recent drop extended the stock's one-month decline to more than 23%.
HOOD fell 3.3% on Wednesday, broadening its one-month decline to more than 23%.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.