Cathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment. Cathie Wood’s Ark Invest bought about $39.7 million of Robinhood shares across three funds, underscoring its conviction in the trading platform after a weak quarter. Wall Street analysts are largely looking past Robinhood’s first-quarter earnings miss, citing early April data showing some of th…
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