Skip to content

Cathie Wood Is Buying Robinhood as Stock Bounces From Record Low

  • Ark funds bought about 185,000 shares of the company last week
  • Purchases mark Ark’s first buying in Robinhood since May 5
Cathie Wood

Cathie Wood

Photographer: Eva Marie Uzcategui/Bloomberg

Cathie Wood is back at buying the battered shares of online broker Robinhood Markets Inc. that rebounded from record lows hit just four months ago.

Funds backed by Wood’s firm Ark Investment Management LLC slightly bought over 185,000 shares of the broker platform in transactions on Monday and Friday, according to data compiled by Bloomberg. That marks the firm’s first buying of the US company since May 5.