Cathie Wood’s Ark Invest Buys HOOD Stock As Robinhood Sees Its Third-Best Week In Six Months

Cathie Wood-led ARK Invest bought shares of Robinhood Markets (HOOD) on Friday, as the stock saw its third best-week in half a year.

ARK’s daily trade report showed that the ARK Innovation ETF (ARKK) bought 28,589 Robinhood shares on Friday. The trade made up about 0.0528% of the fund.

This comes as HOOD stock has seen its third-best week in the last six months, closing up over 17%. The last time the stock posted better weekly performance was in April and May, when it rose over 31% and 28%, respectively. Robinhood shares closed up over 17% on Thursday itself.

In a weekly wrap statement, Ark Invest said “some sell-side firms had raised their outlooks” on Robinhood, citing growth opportunities in its prediction markets, banking, and crypto infrastructure.

Robinhood has been expanding beyond stock and crypto trading. In the second-quarter results of 2026, Robinhood’s event-contract revenue reached $156 million, surpassing crypto revenue of $100 million for the first time, while crypto trading volume decreased 35% year on year. The number of event contracts traded increased by more than tenfold, reaching 13.6 billion.

HOOD stock closed below 2% on Friday. On Stocktwits, the retail sentiment around HOOD was in the ‘bullish’ zone, while chatter dipped to ‘high’ from ‘extremely high’ levels over the past 24 hours.