ChainCatcher report: According to SEC filings, Robinhood (HOOD) director Malka Meyer purchased 250,000 shares of the company’s stock on June 5 at an average price of $80.74 per share, for a total value of approximately $20.1842 million. After the transaction, her direct holdings increased to 8,004,656 shares.
Robinhood Director Malka Meyer Purchases $20.18 Million in Company Stock
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Summary
Robinhood director Malka Meyer purchased 250,000 shares at $80.74 each on June 5, totaling $20.18 million. The transaction represented a significant inflow into HOOD stock. After the purchase, her holdings increased to 8,004,656 shares. With altcoins gaining attention, this move may signal renewed confidence in the broader crypto market.
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