On Wednesday. Cathie Wood-led Ark Invest made significant trades involving Robinhood Markets Inc (NASDAQ:HOOD) and Kodiak AI Inc (NGM: KDK).
The George Soros-backed Kodiak AI, known for its autonomous vehicle technology, has been gaining attention after it went public through its merger with Ares Acquisition Corporation II. This merger, backed by George Soros, has fueled investor interest.
On Monday, Ark acquired 34,731 shares of Kodiak AI. That trade was estimated at $223,667.
Benzinga Edge Stock Rankings indicate Robinhood stock has a Momentum score in the 20th percentile and a Value score in the 16th percentile.