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Despite the surge in Robinhood stock, it still remains 80% below its all-time high. It has innovated in the consumer brokerage space, and has faced strong criticism along the way.
Robinhood's incentives are attracting new users and funds. The company still has an image problem.
Recently, Zacks.com users have been paying close attention to Robinhood Markets (HOOD). This makes it worthwhile to examine what the stock has in store.
Given the recent weakness of cryptocurrencies and my belief that they could fall much further, along with the extremely elevated valuation of Robinhood stock (NASDAQ: HOOD ), I recommend selling HOOD stock at this point. Also making me bearish on Robinhood stock stock at this point is my belief that U.S. stocks could easily decline 10%-15% in the near-to-medium term.
Robinhood Markets, Inc. (HOOD) closed the most recent trading day at $17.31, moving +0.7% from the previous trading session.
British stock trading app Freetrade hit breakeven earlier this year, the company told CNBC, marking its first-ever move into the black.
Robinhood's intense focus on democratizing access to financial services is admirable. Interest income is a big part of the revenue story right now, which isn't sustainable.
Shares of fintech pioneer Robinhood Markets are well off their peak price. Higher interest rates have created a financial windfall for the business.
Robinhood is quickly becoming one of the most popular investing platforms in the world.
Robinhood Markets, Inc. (HOOD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HOOD broke through the 20-day moving average, which suggests a short-term bullish trend.