Cathie Wood's Ark Scoops Up $12.4 Million In Beaten-Down Robinhood — Dumps More Airbnb Shares

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The Robinhood Trade

The Vlad Tenev-led company’s shares fell 8.20% to $71.51 on Thursday after posting mixed fourth-quarter results, beating profit expectations but missing on revenue a day earlier. Analysts maintain a Buy consensus with an average price target of $142, highlighting growth levers like prediction markets and international expansion.

The Bitmine Immersion Technologies Trade

Shares traded marginally higher by 1.81% at $20.85 amid ETH price sensitivity, with staked ETH expected to generate over $370 million in annualized rewards. The Ark Invest transaction was valued at $4.2 million.

The Tom-Lee chaired company’s shares remain volatile, down significantly from recent averages but up 201.88% over the past year.

The Airbnb Trade

Ark Invest trimmed its stake by selling 259652 shares of Airbnb across ARKF, ARKK, and ARKW. This follows Airbnb Inc‘s mixed fourth-quarter earnings, where revenues beat but EPS missed expectations.

Other Key Trades:

Benzinga Edge Stock Rankings indicate Robinhood stock has a Value in the 19th percentile and Momentum in the 44th percentile.

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Photo Courtesy: PJ McDonnell on Shutterstock.com

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