Ark Invest, led by Cathie Wood, executed significant trades involving Robinhood Markets Inc and Archer Aviation Inc on Thursday. The firm's flagship fund, ARK Innovation ETF (ARKK), sold 167,741 shares of Robinhood, valued at approximately $15.47 million based on a closing price of $92.23. This sale follows a previous transaction on Wednesday where Wood sold $7.8 million worth of Robinhood shares. The divestment occurs as the stock trends higher, supported by positive market sentiment and a raised price target from Needham analyst John Todaro, who cited strong May metrics and potential benefits from improved crypto regulations.

In another major move, ARKK sold 1,336,971 shares of Archer Aviation, amounting to approximately $7.08 million at a closing price of $5.30. This decision aligns with Ark's ongoing adjustments to Archer's financial outlook and strategic plans. Archer Aviation recently reported first-quarter results that exceeded expectations, though concerns regarding cash burn and projected losses persist as the company advances its U.S. operations launch and eVTOL certification efforts.

Other Key Trades

Ark Invest also reduced its holdings in several other companies through its various funds:

• Twist Bioscience Corp (TWST): Sold 417,558 shares via ARKK.
• Roku Inc (ROKU): Sold 97,622 shares via ARKK.
• 10X Genomics Inc (TXG): Sold 263,064 shares via ARKK.
• Illumina Inc (ILMN): Sold 46,265 shares via ARKK.
• Teradyne Inc (TER): Sold 105,062 shares via ARKQ, 86,908 shares via ARKX, and 15,539 shares via ARKK.

Trade Summary

The following table details the primary sales executed by Ark Invest:

Benzinga Edge Stock Rankings indicate Robinhood stock currently holds a Momentum score in the 22nd percentile and a Value score in the 14th percentile.

Robinhood Markets, Inc. reported select monthly operating data for May 2026, highlighting significant growth in assets and customer engagement. Total Platform Assets reached $377 billion, a 9% increase from April 2026 and a 48% rise year-over-year. Funded Customers grew to 27.7 million, an increase of approximately 110 thousand from April 2026 and 1.76 million year-over-year. Net Deposits stood at $5.6 billion for the month, representing a 19% annualized growth rate relative to April 2026 Total Platform Assets. Over the last twelve months, Net Deposits totaled $69.1 billion, reflecting a 27% annual growth rate compared to May 2025 Total Platform Assets.

Trading Volumes and Activity

Equity Notional Trading Volumes in May were $315 billion, up 27% from April 2026 and 75% year-over-year. Average daily volumes (ADVs) for equities were $15.8 billion, a 34% increase from April 2026 and an 84% rise year-over-year. Options Contracts Traded reached 231 million, up 3% month-over-month and 29% year-over-year, with ADVs of 11.6 million contracts. Crypto Notional Trading Volumes were $12.2 billion, up 3% from April 2026 and 4% year-over-year. This included Robinhood App Notional Trading Volumes of $5.9 billion and Bitstamp Notional Trading Volumes of $6.3 billion. Event Contracts Traded surged to 3.9 billion, a 22% increase from April 2026.

Customer and Asset Growth

Interest-earning assets expanded, with margin balances rising 8% month-over-month to $19.5 billion, a 117% year-over-year increase. Cash and Deposit balances were $18.6 billion, up 3% from April 2026 and 54% year-over-year. Cash Sweep balances stood at $28.8 billion, up 4% month-over-month but down 6% year-over-year. Total Securities Lending Revenue in May was $36 million, up 13% from April 2026 and 9% year-over-year. This included Securities Lending, Net revenues of $5 million. The data is unaudited and preliminary, subject to completion of financial closing procedures.

Key Operating Metrics for May 2026