27-Sep-2024
Bitcoin to rise on weekly basis on robust ETFs inflows, China stimulus
Seeking Alpha News (Fri, 27-Sep 3:06 PM ET)
Robinhood Markets mulls potential launch of its own stablecoin - report
Seeking Alpha News (Thu, 26-Sep 5:30 PM ET)
The SEC’s Approval of a New Pricing Scheme Benefits Investors, but Brokers May Suffer
TipRanks (Tue, 24-Sep 4:54 AM ET)
5 Reasons Why Bitcoin Rallied 10% In 7 Days To $63K: Bernstein
Benzinga (Mon, 23-Sep 2:49 PM ET)
Earn Credit Off Robinhood (HOOD) Options as Retail Investing Pushes Higher
TipRanks (Mon, 23-Sep 12:03 PM ET)
Robinhood Markets, Inc. Reports August 2024 Operating Data
Globe Newswire (Mon, 9-Sep 4:05 PM ET)
Globe Newswire (Tue, 3-Sep 8:30 AM ET)
Robinhood Markets, Inc. Reports July 2024 Operating Data
Globe Newswire (Wed, 14-Aug 4:05 PM ET)
Robinhood Reports Second Quarter 2024 Results
Globe Newswire (Wed, 7-Aug 4:05 PM ET)
Robinhood Markets, Inc. to Announce Second Quarter 2024 Results on August 7, 2024
Globe Newswire (Tue, 2-Jul 4:05 PM 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 September 27, 2024, HOOD stock price climbed to $23.89 with 17,129,900 million shares trading.
HOOD has a beta of 1.79, meaning it tends to be more sensitive to market movements. HOOD has a correlation of 0.15 to the broad based SPY ETF.
HOOD has a market cap of $21.13 billion. This is considered a Large Cap stock.
Last quarter Robinhood Markets - Class A reported $682 million in Revenue and $.21 earnings per share. This beat revenue expectation by $50 million and exceeded earnings estimates by $.06.
In the last 3 years, HOOD traded as high as $45.96 and as low as $6.81.
The top ETF exchange traded funds that HOOD belongs to (by Net Assets): VTI, VB, ARKK, VBK, VXF.
HOOD has outperformed the market in the last year with a price return of +149.6% while the SPY ETF gained +35.8%. HOOD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and +8.2%, respectively, while the SPY returned +4.9% and +2.0%, respectively.
HOOD support price is $21.75 and resistance is $23.11 (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.