HOOD is trading at $75.30 (+8.11%) in pre-market, driven by a cryptocurrency rally and a significant share purchase by ARK Invest.
- The surge aligns with strong crypto gains, with BTC up 3.26% and ETH up 6.42% since the last close, boosting crypto-related equities.
- ARK Invest signaled confidence by acquiring 182,641 shares worth approximately $12.74M on April 7.
- Broader market sentiment is also supported by news of a US-Iran ceasefire, which has pushed NASDAQ futures up 3.18%.