Cathie Wood sells $12 million in surging stock

On May 29, Wood's concern steadfast ARK Invest sold 144,218 shares of Robinhood Markets (Nasdaq: HOOD).

Related: Cathie Wood sends beardown prediction connected Bitcoin

Wood sells $12 cardinal successful Robinhood shares

Founded by Stanford classmates Vladimir Tenev and Baiju Bhatt successful April 2013, Robinhood is an e-trading level that has gained immense popularity owed to its commission-free offerings of stocks, options, and cryptocurrencies.

The brokerage firm, which went nationalist successful July 2021, joined the S&P 500 scale successful September 2025.

The company's banal surged much than 11% to deed the intraday precocious of $94.40 connected May 29 aft it launched trading-focused AI agents.

The aforesaid day, ARK Invest sold much than $12 cardinal worthy of HOOD shares.

The steadfast besides sold Teradyne, Inc. (Nasdaq: TER) shares worthy $8.88 cardinal and Intercontinental Exchange, Inc. (NYSE: ICE) shares worthy $66,000 connected May 29.

While Teradyne is a technology institution that designs and manufactures automated trial instrumentality (ATE) and precocious robotics, the ICE is a financial services institution that operates planetary trading exchanges specified arsenic the New York Stock Exchange (NYSE). Both stocks fell yesterday.

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Wood buys large defence banal

On the different hand, the concern steadfast bought 252,064 shares of Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) worthy $16.16 million.

It is a weapons and military manufacturing company whose clients see the U.S. government. The company's banal fell 1.63% to adjacent astatine $64.13 connected May 29.

Related: Robinhood CFO sells shares amid marketplace downturn

This communicative was primitively published by TheStreet connected May 30, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.