A Robinhood Insider Just Bought a Boatload of Shares of the Beaten-Down Stock. Should Investors Follow Suit?
Director Micky Malka was recently buying shares of the stock.
A Robinhood Insider Just Bought a Boatload of Shares of the Beaten-Down Stock. Should Investors Follow Suit?
Overview
It's been a tough year for Robinhood Markets (NASDAQ: HOOD) stock, with shares down about 25% year to date. However, one insider has seen an opportunity in the weakness. Director Micky Malka bought a boatload of shares through his Ribbit Capital fund.
Malka's fund focuses on fintech investments, and Robinhood is the fund's third-largest investment behind Nu Holdings and Figure Technology. He also sits on MercadoLibre's board. In late May and early June, he bought 23.6 million shares, worth around $35 million, through the online broker. Notably, the buys were a reversal of sentiment, as he was selling shares as recently as August 2025, when he sold shares at prices over $100.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
