INTEL: Cathie Wood’s ARK makes its largest Robinhood purchase in six months after 23% slide

Cathie Wood’s ARK has bought shares of Robinhood (HOOD), its largest purchase of the stock in six months, after the shares slid more than 23% over the past month.

HOOD fell 3.3% on Wednesday, extending that one-month decline. The buying came into that weakness rather than after a rebound.

The available information does not include the number of shares ARK bought, the dollar value of the trade or which of its funds made the purchase, so the size of the position change cannot be stated beyond “largest in six months.” ARK has not been quoted here on its reasoning for the trade.

The story is still developing, and further detail on the trade may emerge from ARK’s regular trading disclosures.