$ARK Invest, Cathie Wood’s funding company appealing about disruptive technology sectors, got 158,587 shares of Robinhood (HOOD) on Tuesday ahead of the brokerage’s “Lift Flight” tournament scheduled to seize space tomorrow at 7:30 PM ET.
Rather than HOOD, $ARK Invest also accumulated shares of Coinbase, CoreWeave, Tesla, and Alibaba.
Lift Flight is Robinhood’s flagship tournament, targeting the firm’s subsequent section of enhance and product growth. This might per chance occasionally be held live at the TWA Hotel at JFK Airport and possess keynotes from Robinhood CEO Vlad Tenev as successfully as other leadership participants.
Robinhood is predicted to unveil contemporary merchandise and tools aimed at assisting users with wealth management and monetary planning all by the presentation.
Robinhood has intensified its shift in direction of a broad app mannequin with the latest introduction of AI-powered aspects and repair growth without reference to headwinds from a cooling crypto market.
HOOD closed Tuesday down around 3% at $76, Yahoo Finance data reveals. The stock has declined 33% up to now this 365 days due largely to declining crypto procuring and selling earnings.
