Ark Invest Sells $7M Robinhood Shares, HOOD Stock Drops 2%
Ark Invest sold over $7.5M in Robinhood shares on June 10, 2024, causing a pre-market drop in HOOD stock despite Robinhood’s acquisition of Bitstamp. On Monday, June 10, 2024, Ark Invest, which is under the leadership of Cathie Wood, executed substantial transactions, including a substantial sell-off of Robinhood Markets Inc. (HOOD). Despite Bitstamp’s recent acquisition […]
Robinhood GameStop Lawsuit Dismissal Boosts HOOD Stock
Robinhood nears a settlement and dismissal of the 2021 meme stock lawsuit, boosting HOOD stock significantly. A settlement is nearing completion between Robinhood and the investors who filed a lawsuit against the trading platform in 2021 regarding its decision to suspend trading of specific meme stocks, including GameStop. It is anticipated that the Robinhood meme […]