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%,…
Regarding market opportunities in the semiconductor industry, Intel (INTC) no longer commands the social cachet it once did decades ago. Due to various missteps, controversies, and outright strategic blunders, Intel has now found itself on the back foot relative to its chip-making peers. As a result, very few investors are looking to INTC stock for…
By Manya Saini and Niket Nishant (Reuters) – Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now…
Robinhood’s (HOOD) evolution from meme stock trading champion to a wealth management platform rages on. The company said late Wednesday it will be launching futures and index options trading on its app, a move widely telegraphed for months. Both features will debut on Robinhood’s app “soon,” per Robinhood. The company also took the wraps off…