Ark Invest buys 27,083 Robinhood shares worth $3.18 million

  • Ark Invest bought 27,083 Robinhood shares on Tuesday.
  • The purchase was worth $3.18 million.
  • Bernstein and StoneX identified prediction markets and Robinhood Chain as growth drivers.

Cathie Wood's Ark Invest bought 27,083 shares of Robinhood, worth $3.18 million, on Tuesday. The purchase came as analysts at Bernstein and StoneX issued positive outlooks on Robinhood, identifying its prediction markets—contracts tied to the outcomes of future events—and Robinhood Chain as key growth drivers.

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