Cathie Wood’s Ark Invest Dumps $7M Robinhood Shares, HOOD Stock Dips 2%
Ark Invest, led by Cathie Wood, made significant trades on Monday, June 10, 2024, marked by a substantial sell-off of Robinhood Markets Inc. (HOOD). The firm has continued its spree of divesting Robinhood shares despite the crypto trading platform’s recent acquisition of Bitstamp. Moreover, the HOOD stock plummeted in the pre-market trading today after Ark