Cathie Wood Sells $12 Million Robinhood (HOOD) Shares
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCathie Wood's ARK Invest sold 144,218 shares of Robinhood Markets (HOOD) on May 29 for over $12 million. The sale coincided with Robinhood's stock surging 11% to an intraday high of $94.40 after launching trading-focused AI agents. On the same day, ARK also sold shares of Teradyne, Inc. (TER) worth $8.88 million, and Intercontinental Exchange, Inc. (ICE) shares worth $66,000. Simultaneously, ARK Invest purchased 252,064 shares of Kratos Defense & Security Solutions, Inc. (KTOS) for $16.16 million, indicating a strategic shift towards defense stocks.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Intercontinental Exchange (ICE)
Intercontinental Exchange operates global exchanges, including the New York Stock Exchange, and provides market data.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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- ICE Detains Family After Court Ordered Release, Legal Action Ongoing
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