Robinhood director buys $20M in HOOD shares; stock rises 6.67%

KuCoinFlash

Release Time: 06/10/2026 14:32:15

Summary

Robinhood director Meyer Malka purchased 250,000 HOOD shares at $81 each, totaling $20 million, as value investing in crypto gains momentum. His holdings now total 8 million shares, with over $50 million added in a week. HOOD rose 6.67% to $89.36, attracting attention from day-trading crypto enthusiasts.

Odaily Planet Daily reports: Shay Boloor, Chief Market Strategist at Futurum Equities, posted on X that Robinhood (HOOD) has just disclosed an insider purchase of approximately $20 million. Company director Meyer Malka repurchased 250,000 shares at approximately $81 each, bringing his total holdings to 8 million shares. Over the past week, Meyer has accumulated over $50 million worth of HOOD shares.

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

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