Post by Tuli (Nate) Urbach

Veteran investor Cathie Wood once again executed one of the hottest trades on Wall Street when she trimmed her holdings in a surging crypto stock to buy a top defense stock. On May 29, Wood's investment firm ARK Invest sold 144,218 shares of Robinhood Markets (Nasdaq: HOOD). Founded by Stanford classmates Vladimir Tenev and Baiju Bhatt in April 2013, Robinhood is an e-trading platform that has gained immense popularity due to its commission-free offerings of stocks, options, and cryptocurrencies. The brokerage firm, which went public in July 2021, joined the S&P 500 index in September 2025. The company's stock surged more than 11% to hit the intraday high of $94.40 on May 29 after it launched trading-focused AI agents. The same day, ARK Invest sold more than $12 million worth of HOOD shares. -- Cheaperteam • Build Global Teams & Cut Payroll 📊 Tuli Talks Markets