Veteran investor Cathie Wood as soon as once more executed one of many hottest trades on Wall Road when she trimmed her holdings in a surging crypto inventory to purchase a prime protection inventory.
On Could 29, Wooden’s funding agency ARK Make investments sold 144,218 shares of Robinhood Markets (Nasdaq: HOOD).
Related: Cathie Wood sends strong prediction on Bitcoin
Wooden sells $12 million in Robinhood shares
Based by Stanford classmates Vladimir Tenev and Baiju Bhatt in April 2013, Robinhood is an e-trading platform that has gained immense reputation because of its commission-free choices of shares, choices, and cryptocurrencies.
The brokerage agency, which went public in July 2021, joined the S&P 500 index in September 2025.
The corporate’s inventory surged greater than 11% to hit the intraday excessive of $94.40 on Could 29 after it launched trading-focused AI brokers.
The identical day, ARK Make investments offered greater than $12 million price of HOOD shares.
The agency additionally offered Teradyne, Inc. (Nasdaq: TER) shares price $8.88 million and Intercontinental Exchange, Inc. (NYSE: ICE) shares price $66,000 on Could 29.
Whereas Teradyne is a expertise firm that designs and manufactures automated take a look at tools (ATE) and superior robotics, the ICE is a monetary companies firm that operates world buying and selling exchanges such because the New York Inventory Alternate (NYSE). Each shares fell yesterday.
Extra Information:
Wooden buys main protection inventory
Alternatively, the funding agency purchased 252,064 shares of Kratos Protection & Safety Options, Inc. (Nasdaq: KTOS) price $16.16 million.
It’s a weapons and navy manufacturing firm whose shoppers embody the U.S. authorities. The corporate’s inventory fell 1.63% to shut at $64.13 on Could 29.
Related: Robinhood CFO sells shares amid market downturn
This story was initially revealed by TheStreet on Could 30, 2026, the place it first appeared within the MARKETS part. Add TheStreet as a Preferred Source by clicking here.
