Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 9% in the afternoon session after the stock hit a new all-time high of $132 amid a confluence of positive catalysts, including robust business growth and multiple analyst price target upgrades. The momentum is supported by strong fundamental performance, with the company’s crypto revenues surging 98% to…
“ “ Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) fell 1.2% in the afternoon session after the stock pulled back following a recent rally. “ The decline followed a strong performance the previous day, where the stock reached a new 52-week high. It is common for stocks to experience a temporary retreat as…
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 3.5% in the afternoon session after the company was passed over for inclusion in the prestigious S&P 500 index. The stock fell after S&P Dow Jones Indices announced that Interactive Brokers Group would be added to the index instead. This decision disappointed Wall Street, as Robinhood was…
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) fell 5.3% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve’s Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in…
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 3.4% in the morning session after Cathie Wood’s ARK Invest disclosed that it sold a portion of its holdings in the company. According to daily trade disclosures, ARK Invest sold 109,824 shares of Robinhood, valued at approximately $11.46 million. The sales were spread across several of ARK’s…
Why Robinhood (HOOD) Stock Is Down Today Shares of financial services company Robinhood (NASDAQ:HOOD) fell 5.3% in the morning session after Wolfe Research analysts downgraded the stock’s rating from Buy to Hold, citing valuation concerns. The analysts added, “Since our June upgrade, key drivers underpinning our upside (bull) case have largely played out and are…
Why Is Robinhood (HOOD) Stock Soaring Today Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 15.3% in the pre-market session after the company reported strong fourth quarter 2024 results, which blew past analysts’ revenue, EPS, and EBITDA expectations. Specifically, cryptocurrency trading revenues soared by 700%+ year-on-year while equities and options increased by 144% and 83%,…