Robinhood director buys nearly $20 million in stock, HOOD rises 6.67%

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

As of press time, HOOD is trading at $89.36, up 6.67% today.