The post Robinhood Records Impressive Q2 Earnings, Ark Invest Buys Another $2.4M HOOD appeared first on Coinpedia Fintech News
Cathie Wood’s Ark Invest has purchased another $2.4 million worth of Robinhood amid positive Q2 2024 earnings. It has bought 145,420 HOOD shares adding to its previous holdings. The wealth manager continues to acquire more of the crypto stock like yesterday. The repositioning of holdings follows a growing uptick in most crypto stocks. On Aug 7, Robinhood announced a better-than-expected result with revenues hitting $682 million while net income stood at $188 million. Robinhood’s net profit soared 652% compared to $25 million last year and a 20% increase from Q1 2024.
