Robin the Hood

We just got a major insider buy this week – and this one really caught my eye.

It’s not just for the size, but for who’s buying and the stock itself.

For the first time ever, Robinhood $HOOD showed up on our Hot Corner radar.

Steve and I have been waiting for this moment for years.

Christopher Payne scooped up 26,500 shares at $74.18 – that’s a $2 million open-market buy.

His own money. No options. No restricted stock grants. Just pure conviction.

Payne joined Robinhood’s board back in December. Before that, he was the COO at DoorDash, CEO of Tinder, and held major leadership roles at Amazon, Microsoft, and eBay.

This guy knows tech. He knows growth. He knows the game.

And now, HOOD is breaking out above its post-IPO highs, completing a massive multi-year base.

This chart couldn’t look any better.

It’s one of my favorite setups in the market right now.

And what makes this even more compelling?

This is the first insider buy at HOOD since 2021.