Robinhood (NASDAQ:HOOD) Surges on Needham Upgrade
TipRanks (Mon, 18-Nov 12:31 PM ET)
Robinhood upgraded to Buy at Needham due to expected SEC changes
Seeking Alpha News (Mon, 18-Nov 9:03 AM ET)
Robinhood’s Growth Potential: SEC Changes and Retail Market Opportunities Drive Buy Rating
TipRanks (Mon, 18-Nov 6:35 AM ET)
Benzinga (Thu, 14-Nov 6:28 AM ET)
SA Sentiment: More subscribers open to investing in crypto
Seeking Alpha News (Thu, 14-Nov 3:47 AM ET)
Robinhood adds solana, cardano, two other cryptos to its trading platform
Seeking Alpha News (Wed, 13-Nov 11:01 AM ET)
Benzinga (Wed, 13-Nov 6:31 AM ET)
Robinhood Markets, Inc. Reports October 2024 Operating Data
Globe Newswire (Mon, 11-Nov 4:05 PM ET)
Robinhood Markets, Inc. to Present at the Wolfe Research Wealth Symposium on November 13, 2024
Globe Newswire (Thu, 7-Nov 4:05 PM ET)
Global Stablecoin Draws Support From Robinhood, Kraken, And Others
Yolowire (Tue, 5-Nov 11:11 AM ET)
Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
Robinhood Markets - Class A trades on the NASDAQ stock market under the symbol HOOD.
As of November 18, 2024, HOOD stock price climbed to $35.00 with 32,744,527 million shares trading.
HOOD has a beta of 2.03, meaning it tends to be more sensitive to market movements. HOOD has a correlation of 0.14 to the broad based SPY ETF.
HOOD has a market cap of $30.96 billion. This is considered a Large Cap stock.
Last quarter Robinhood Markets - Class A reported $637 million in Revenue and $.17 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.01.
In the last 3 years, HOOD traded as high as $35.62 and as low as $6.81.
The top ETF exchange traded funds that HOOD belongs to (by Net Assets): VTI, VB, ARKK, VXF, VBK.
HOOD has outperformed the market in the last year with a price return of +320.2% while the SPY ETF gained +32.4%. HOOD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +79.0% and +46.0%, respectively, while the SPY returned +6.7% and +3.0%, respectively.
HOOD support price is $31.12 and resistance is $33.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOOD shares will trade within this expected range on the day.