Cathie Wood’s Ark Invest Adds Coinbase, Circle and Robinhood

Ark Invest bought $3.4 million of Coinbase, $2.6 million of Circle and $645,820 of Robinhood on Monday, while selling $2.3 million of Bullish as that stock fell 5.69%. Morgan Stanley downgraded Coinbase to Underweight and cut its price target to $120. Coinbase reported Q3 net income of $719 million, up 66%.