Cathie Wood's ARK Innovation ETF buys $3.5 million worth of Robinhood stock

--

The ARK Innovation ETF purchased 28589 shares of Robinhood stock on September 4th, valued at approximately $3.5 million based on the closing price of $122.11. Robinhood's stock price has risen by over 30% in the past month, while Bitcoin has risen by about 23% and approached $80000 during the same period. Deutsche Bank raised its Robinhood target price from $115 to $136 on September 4th. Robinhood Chain's daily revenue was below $200000 in mid August, but rose to $3.38 million and $4.01 million on September 1st and 2nd, respectively. Deutsche Bank expects its annualized revenue operating rate to exceed $100 million. As of September 4th, Robinhood holds a weight of 4.28% in the ARK Innovation ETF.

24/7 Flashes

More >
Today 2026-09-07
12:39

Phong Le: Strategy aims to surpass Nvidia, Meta, and Google in the coming decades

12:37

比特币昨日交易笔数达 89.34 万笔,创历史第四高

12:36

The Silicon Data Token expenditure price index rebounded slightly, down 4% from a week ago

12:34

Strategy ranks fourth in the United States in 2026 with a $20.9 billion equity issuance scale, holding 845100 BTC

12:18

The mastermind behind the theft of $240 million BTC case, Malone Lam, will attend a plea hearing