Business Maverick: Cathie Wood Boosts Robinhood Buying With Stock at Record Low

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Cathie Wood stepped up buying of Robinhood Markets Inc. shares as the online broker’s stock dropped to a record low following earnings that fell short of Wall Street expectations.

Wood’s firm ARK Investment Management bought nearly 2.44 million Robinhood shares on Friday, the most since its stock market debut in July, according to trading data from Ark compiled by Bloomberg. The buying came on a day when the firm’s stock at one point dropped below $10, before staging a rebound in line with the broader U.S. market.

Ark, which is already one of the firm’s top shareholders, has bought its shares almost every week since late October, when the stock dropped below its IPO price of $38, according to data compiled by Bloomberg.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Black Business Council urges government to pay small businesses overdue invoices - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Black Business Council (BBC) has called on President Cyril Ramaphosa to ensure that government departments pay small and medium business overdue invoices. That call will fall on deaf ears. Why would government department deployed ANC cadres pay invoices when they can pocket the money themselves. CyrilRamaphosa BlackBCouncil this is lip service and you know it ,it's an insult to small businesses. He mustn't say anything 🙆🤦🤞he is disgusting 🤞🤞
Source: SABCNews - 🏆 37. / 51 Read more »