Cathie Wood's 'Apocalypse Squad' Play? Ark Scoops Up $14.2 Million Worth Of Robinhood Stock
Ark Invest, led by Cathie Wood, executed notable trades on Monday, focusing on Robinhood Markets Inc. (NASDAQ:HOOD) and Deere & Co. (NYSE:DE).The Robinhood TradeArk Invest’s ARK Innovation ETF (BATS:ARKK) acquired 123,336 shares of Robinhood, valued at approximately $14.2 million based on the closing price of $115.02. Robinhood has been in the spotlight recently, with its customer base reaching 26.7 million in July, marking a significant increase from the previous month. The company’s total platform assets rose by 7% to $298 billion, driven by a surge in crypto volumes. Additionally, CEO Vlad Tenev has formed an “Apocalypse Squad” of top ...Full story available on Benzinga.com
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