Cathie Wood Bought the Dip Again Yesterday, Loading Up on Robinhood (HOOD), Tesla (TSLA), Coinbase (COIN), Palantir Technologies (PLTR) and AMD

Cathie Wood once again bought the dip yesterday, turning proactive as the market crashed. Wood and her Ark Invest firm loaded up on shares of Robinhood (HOOD)

Cathie Wood's Ark Invest was on the buy today, Monday, March 27, as the market crashed.

The firm's flagship Ark Innovation ETF (ARKK) made large purchases of Robinhood (HOOD) and Tesla (TSLA) stock, according to daily trade updates from the firm. A portion of the Tesla purchase went into the Ark Autonomous Technology & Robotics ETF (ARKQ).

Ark completed 269,864 shares of Robinhood stock for the ARKK ETF on Monday. The purchases were made at an average price of 35.63, for a total value of 9,600,000.

Ark Invest also purchased 79,318 shares of Tesla stock on Monday at an average price of 222.15, for a total value of 17,623,347. Of the total, 68,164 shares were purchased for the flagship Ark Innovation ETF (ARKK), and the remainder for the Ark Autonomous Technology & Robotics ETF (ARKQ).

Among other notable purchases, Ark added 64,358 shares of Coinbase (COIN) across the Innovation ETF and the Ark Fintech Innovation ETF (ARKF). The Coinbase stock purchases were valued at 11,528,677, with a closing price of 179.23.

Advanced Micro Devices (AMD), Palantir Technologies (PLTR) and Beam Theraputics (BEAM) were some of the largest purchases on Monday.

Cathie Wood and ARK added 147,551 shares of AMD stock on Monday, valued at 14,259,745. The firm purchased 152,253 shares of Palantir, valued at 11,628,868.

Ark bought 485,005 shares of Beam Therapeutics stock on Monday at a closing price of 25.69.

Stock Action

Robinhood stock on Tuesday rebounded with a nearly 6% surge. Shares of the brokerage firm rose 5.9%, extending the smaller gains from Monday. A portion of the Tesla purchase went into the Ark Autonomous Technology & Robotics ETF (ARKQ).

Coinbase shares jumped 6.3% in early trade. The crypto exchange platform is preparing to launch its own token later this year, in a move that could generate significant interest in the company's products and services.

Tesla stock swung 3.5% higher. Elsewhere, President Donald Trump said online that he intends to purchase a Tesla on Tuesday in support of Elon Musk. The electric car company has faced criticism, boycotts and instances of vandalism since Musk has been targeted by the Department of Government Efficiency. Trump in a post on Tuesday said the “radical left lunatics” are “illegally and collusiously” boycotting Tesla.

AMD shares ticked up slightly on Tuesday. The chip giant is a top holding in the Ark Innovation ETF (ARKK).

Palantir advanced 2.8%.

BEAM stock edged a fraction lower early on Tuesday.