Cathie Woods buys $13.4 million of tumbling tech stock

Robinhood (HOOD) banal is sagging, but Cathie Wood treated the weakness similar a two-day buy-the-dip event.

On Dec. 11, ARK picked up 124,427 Robinhood shares worthy astir $16.9 million. Then connected Dec. 12, it doubled down, adding different 108,557 shares valued astatine $13.4 million.

Collectively, that’s a sizeable $30 million successful caller buying successful 48 hours for a tech elephantine that’s nether sizeable duress.

For a small color, the crypto-exposed tech banal has shed 11% of its worth implicit the past period and 14% successful the past week alone. Year-to-date, though, the stock’s inactive clocking a mighty awesome 217% gain.

The caller sluggishness astatine Robinhood is linked to the diminution successful trading volumes and assets nether custody successful November, indicating a important drop successful idiosyncratic activity.

Hence, it whitethorn look counterintuitive, but Wood’s condemnation has ne'er been tied to short-term sentiment.

Her enthusiasm for Robinhood banal stems from its almighty relation arsenic a large disruptor successful the concern industry.

She views it arsenic a impermanent setback successful an different fruitful semipermanent maturation trajectory for the fintech giant.

Wood injected implicit $30 cardinal successful caller superior into Robinhood successful conscionable a mates of days, adjacent arsenic astir investors stay connected the sidelines.

It appears the Robinhood binge was portion of her broader propulsion into integer rails, software, and automation, areas that could redefine the adjacent limb of expansion.

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That said, present are stocks she scooped connected Friday, Dec. 12, that acceptable this statement perfectly:

• Block: 97,406 shares ($6.2 million)

• Deere & Co.: 11,489 shares ($5.5 million)

• L3Harris: 16,547 shares ($4.8 million)

• Rubrik: 54,262 shares ($4.7 million)

• Schrodinger: 54,917 shares ($1 million)

Robinhood stock’s slumping of late, but its fundamentals archer a precise antithetic story.

The institution precocious posted record Q3 sales of $1.27 billion, up 100% twelvemonth implicit year, backed by a saccharine $556 cardinal successful nett income, marking its astir awesome quarters ever.

CEO Vlad Tenev called it “record concern results successful Q3,” touting products similar 24/7 Prediction Markets, Robinhood Banking, and a concern with Bitstamp, increasing its crypto reach.

Related: Jim Cramer issues blunt 5-word verdict connected Nvidia stock

• Q3 2025: EPS $0.61(beat by $0.07), gross $1.27 billion(beat by $58.86 million, +100% twelvemonth implicit year).

• Q2 2025: EPS $0.42(beat by $0.11), gross $989 million(beat by $75.67 million, +45.01% YoY).

• Q1 2025: EPS $0.37(beat by $0.04), gross $927 million(beat by $9.84 million, +50% YoY).

• Q4 2024: EPS $1.01(beat by $0.56), gross $1.01 billion(beat by $62.21 million, +115.29% YoY).