Cathie Wood stepped up buying of Robinhood Markets Inc. shares as the online broker’s stock dropped to a record low following earnings that fell short of Wall Street expectations.
Wood’s firm ARK Investment Management bought nearly 2.44 million Robinhood shares on Friday, the most since its stock market debut in July, according to trading data from Ark compiled by Bloomberg. The buying came on a day when the firm’s stock at one point dropped below $10, before staging a rebound in line with the broader U.S. market.
"wood" - Google News
January 31, 2022 at 07:54AM
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Cathie Wood Boosts Robinhood Buying With Stock at Record Low - Bloomberg
"wood" - Google News
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