Robinhood Director Buys Over $50 Million Worth of HOOD Stock Within a Week

TechFlow News, June 10: According to Shay Boloor, Chief Market Strategist at Futurum Equities, Meyer Malka, a director of Robinhood Markets, Inc., purchased an additional 250,000 shares of HOOD stock at approximately $81 per share, for a total transaction value of roughly $20 million. Following this purchase, Malka’s total holdings increased to 8 million shares. Within the past week, his cumulative purchases of HOOD stock have exceeded $50 million. As of the time of this report, HOOD’s share price stood at $89.36, up 6.67% on the day.