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…
Elon Musk has reacted to OpenAI’s “fake stock” warning for its investors. The tech billionaire who owns rival AI startup xAI has suggested that even the company’s authentic equity may be an illusion. This follows a rare public warning from OpenAI disavowing any involvement with crypto-like financial products claiming to offer a stake in its…
Robinhood is making a big statement to the financial services community. The trading platform said Monday it has launched US stock and ETF tokens in the European Union at an event in Cannes, France. European Robinhood customers will have access to more than 200 US stock and ETF tokens. Stock token holders will also receive…
We recently published a list of 12 Popular Penny Stocks on Robinhood to Watch. In this article, we are going to take a look at where MicroAlgo Inc. (NASDAQ:MLGO) stands against other popular penny stocks on Robinhood to watch. The stock market is navigating a complex landscape influenced by geopolitical tensions, trade policies, and shifting…
Robinhood has added a prediction markets hub to its app, allowing users to trade on the outcomes of events. The first contracts, which started rolling out Monday (March 17), cover what the upper bound of the target Fed funds rate will be in May and who will win the upcoming men’s and women’s college basketball…
We recently published a list of 12 Best Robinhood Stocks to Buy Under $20. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against other best Robinhood stocks to buy under $20. Stocks priced under $20 have become an attractive option for investors looking to tap into…
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%,…
(Reuters) – Robinhood (HOOD) shares surged nearly 16% in premarket trading on Thursday, after the trading platform reported record fourth-quarter revenue and profit on the back of a resurgence in retail trading due to renewed interest in crypto and equity markets. Retail trading rebounded significantly in 2024 as Bitcoin and U.S. stocks hit all-time highs,…
Social media changed everything from news consumption to shopping. Now, Dub thinks it can do the same for investing through an influencer-driven marketplace where users can follow the trades of top investors with a few taps. Think of it as TikTok meets Wall Street. Founded by 23-year-old Steven Wang — a Harvard drop-out who began…