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Barrons.com
Robinhood Stock Remains a Favorite of Cathie Wood’s ARK Funds
Cathie Wood’s ARK Investment purchased nearly 2.45 million shares of Robinhood Markets the beaten-down online brokerage, on Friday. (ticker: ARKK) bought 1,953,643 shares of Robinhood (HOOD) on Friday, according to the daily trades posted by the ARK funds. The (ARKW) purchased 230,519 shares, and the (ARKF) snapped up 262,938 Robinhood shares on a day when the stock traded below $10 a share but rebounded sharply to end the session up 9.7% at $12.73.
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