NewsletterTrending Cathie Wood Stocks This Week
Highlights
- Cathie Wood stocks are trending in the market after previous gains.
- Coinbase trades negatively amid the belief that the crypto rebound will affect the asset.
- The wider market anticipates a stock climb similar to Q1 2024 volumes.
Cathie Wood stocks recorded some upticks as investors await a turnaround in macro factors. Some tech stocks notched inflows on the back of Nvidia’s rally to become the largest complaint by market capitalization. Despite this, assets are still steps behind the Q1 2024 inflows that led to better-than-expected earnings.
ArkInvest’s Cathie Wood became popular for her stock portfolio which gets updated daily. In 2021, Cathie Wood stocks surged gaining mainstream traction and building a community, however, recent years have not been as successful. Crypto stocks in the mix dropped due to the wider market downturn. Here are trending Cathie Wood stocks this week.
Coinbase (COIN)
Digital asset exchange Coinbase is trending Cathie Wood stock this week. COIN has plummeted due to the crypto market decline but holds lots of optimism with the rebound. The asset is down 3.90% and trades at $255.86. This week COIN plummeted a massive 8% as crypto volumes declined across Bitcoin and altcoins. Bulls eye a change of events as cryptocurrencies mark a rebound recording slight gains in the market. This could spell positives for the asset in the short term.
Tesla Inc (TSLA)
Electric car manufacturer, Tesla went up 0.79% to trade at $183. TSLA continues to attract inflows as investors move towards renewable energy solutions. The surge in electric vehicles has spurred the growth of the stock in recent years. However weekly number fell like other assets due to macroeconomic factors. In the last seven days, TSLA saw a 1% decline lowering previous gains.
Robinhood (HOOD)
Robinhood Markets Inc. is among tending weekly Cathie Wood stocks. HOOD is up this week amid the market correction as inflows continue. Weekly volumes are down 3% while monthly numbers increase to 13%. Robinhood attracts wider market participation based on recent deals and partnerships announced. This year, the stock is up over 70%.
Also Read: Defiance Capital Flags Ecosystem Compromise, What Is Happening?
- Hyperliquid Rival Lighter Raises $68 Million at $1.5 Billion Valuation
- $37B Bank SoFi Launches Crypto Trading For Retail Customers
- China’s CVERC Accuses U.S. of Stealing 127k Bitcoin Amid Rising Government Crypto Adoption
- Just-In: Startale Launches Super App for Sony’s Soneium Blockchain Ecosystem
- Breaking: Canary XRP ETF Gets Approval with 8-A Filing to List on Nasdaq
- Cardano Price Could Reclaim $0.7 After Key Stakeholders Add $204M in ADA
- Uniswap Price Soars 21% on Fee Switch and Token Burn Proposal— Eyes $15 Target
- Bitcoin Price Eyes Bulls as Crypto Market Structure Bill Draft Finally Drops
- SUI Price Prediction: Analyst Eyes $20 Amid Bluefin Partnership and 2M Token Lending Deal
- HBAR Price Prediction: Analyst Eyes 90% Surge Amid Taker Buy Dominance
- Expert Predicts 200% Shiba Inu Price Surge as Open Interest, Burn Rate Spikes
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
