Robinhood shares slid to $66.02, now more than 50% below this year’s high after a double setback: a SpaceX IPO allocation reportedly went to E*TRADE and the stock was hit by an analyst downgrade. The combination intensified selling pressure on the retail brokerage.
Robinhood’s board authorized a $1.5 billion share repurchase on March 24, increasing remaining buyback capacity by more than $1.1 billion as the stock has fallen 39% in 2026. The move is pitched as a confidence signal amid continued pressure on fintech stocks.
Ark Invest added positions in Coinbase and Robinhood after both stocks dropped more than 50%, a move that coincided with Robinhood’s push into wealth management. The purchases signal Ark’s renewed conviction in discounted fintech and crypto access plays.
Robinhood CFO Shiv Verma sold $411,000 of HOOD shares under a pre-arranged 10b5-1 plan as the stock trades 33% lower year-to-date. Wall Street’s average price target remains $121.71.
Robinhood is reportedly preparing a $1 billion IPO for a closed-end fund that would let everyday investors access private-market assets. The move aims to widen alternative-asset exposure for retail clients but raises questions about liquidity, fees, and valuation transparency.
Ark Invest made its 10th straight bullish buy on Feb. 13, deploying $18 million into crypto-related equities, including $12 million in Robinhood and $4 million in Bitmine Immersion Technologies. The move signals continued institutional conviction in crypto-exposed stocks.
ARK Invest bought $37 million of Robinhood and $19 million of Shopify after post-earnings selloffs, and sold $22 million of Airbnb on Feb. 11, 2026. The trades reflect active rebalancing by Cathie Wood’s team.
ARK Invest increased positions in Robinhood, Circle, BitMine, Bullish and other crypto-related firms across its innovation and fintech ETFs this week, buying into a market dip. The moves underline ARK’s continued conviction in crypto infrastructure and fintech names despite ongoing volatility.
Robinhood led a financing that values trading infrastructure provider Talos at $1.5 billion and includes a $45 million Series B extension with new strategic investors.
Robinhood CEO Vlad Tenev says tokenized stocks could have prevented the infrastructure failures that led to the 2021 GameStop trading halt. He argues tokenization can reduce settlement friction and single points of failure, but implementation and oversight remain open questions.