Robinhood Director Buys Nearly $20 Million in Stock, HOOD Rises 6.67%

Odaily, Futurum Equities Chief Market Strategist Shay Boloor posted on X that Robinhood (HOOD) has just disclosed an insider purchase of approximately $20 million. Director Meyer Malka purchased another 250,000 shares at around $81, bringing his total holdings to 8 million shares. Over the past week, Meyer has accumulated over $50 million worth of HOOD stock.

At the time of writing, HOOD is trading at $89.36, up 6.67% today.