Cathie Wood's Ark Invest Bet Big On Robinhood, Coinbase With Over $1B Invested: Which Of The 2 Crypto-Linked Stocks Is Doing Better This Year?
Portfolio Pulse from Mehab Qureshi
ARK Investment Management, led by CEO Cathie Wood, has increased its position in Coinbase Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD) by adding a total of $1.13 billion in shares since 2022. The investments are held through multiple funds, including ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF), and ARK Next Generation Internet ETF (ARKW). Over the past year, COIN has seen a 165.09% increase in stock price, while HOOD has increased by 20.79%.
November 08, 2023 | 12:49 pm
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POSITIVE IMPACT
ARK Invest has increased its stake in Coinbase, which has seen a 165.09% increase in stock price over the past year.
ARK Invest's increased investment in Coinbase, coupled with the stock's impressive performance over the past year, suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ARK Invest has increased its stake in Robinhood, which has seen a 20.79% increase in stock price over the past year.
ARK Invest's increased investment in Robinhood, along with the stock's decent performance over the past year, suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100