Tag Archives: Robinhood

Robinhood (HOOD) shares were up more than 7% by mid-session ahead of the trading platform’s first earnings report since becoming a public company. The results are highly anticipated given its retail user base and the stock’s wild ride following its IPO. This is what the Street is expecting, based on estimates compiled by Bloomberg.  Adjusted earnings (loss) per share: -.26 cents Revenue: $559.5 million In line with the company’s “democratize finance for all” theme, the trading platform has… Source link

(Bloomberg) — Robinhood Markets Inc.’s wild week took another turn on Friday morning when it said that some early investors who filed to sell millions of shares won’t be able to do so until they get clearance from the U.S. Securities and Exchange Commission. Shares of the company climbed as much as 17% at the open in New York before parting some of the gains to trade at $50.33 in late morining in New York. The trading platform said no sales can be made off of the Thursday filing until an… Source link

Robinhood (HOO) shares closed 7.9% higher on Friday, closing out a wild trading week, Shares of the trading platform gained 57% over the last five sessions after massive gains on Tuesday and Wednesday.  Yesterday shares tanked 27% after news that some stockholders would be cashing out up to 97.8 million shares. Those sales are on hold until receiving clearance from the Securities and Exchange Commission. That will likely happen after the company reports second-quarter results on Aug…. Source link

Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions. Thursday’s decline followed an announcement that some stockholders would be cashing out up to 97.8 million shares. The news came after a massive two-day rally. The investment platform’s shares had gained 100% earlier this week. Robinhood appears to be the newest meme stock on the Wall Street, highlighting the power of retail investors. It was one of the most mentioned stocks on Reddit’s… Source link

Robinhood (HOOD) was temporarily halted for volatility this morning as the stock spiked 65% in the first minutes of trading. By 10:10 am ET, the stock was up 36%. The upward move comes a day after the investing platform’s stock spiked 24%. The stock price blew past its IPO price of $38 on Tuesday and closed at $46.80, in stark contrast to its public debut last week.  Retail interest could be a contributing factor for the upward move. Robinhood is one of the most mentioned stocks on Reddit’s… Source link

Robinhood (HOOD) soared to new highs on Tuesday in a stark contrast from its public debut last week. The investing platform’s stock spiked as much as 18% by mid-session. Shares were trading above $44 a piece, holding well above their IPO price of $38.  Investors are keeping a close eye on the stock following Robinhood’s public debut last Thursday.  The stock sank as much as 12% below its IPO price during its first day of trading on the Nasdaq. Shares closed down 8% that day. Some questioned… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 30, 2021 Robinhood shares fall on their first day of trading Shares of Robinhood (HOOD) sank by more than 8% on the company’s first day of trading, and day two starts in just a few hours.  The public debut for any company is exciting. But in many ways the Robinhood IPO meant a little more, serving as a sort of natural endnote to the… Source link

(Bloomberg) — Robinhood Markets Inc. wanted to make history with its initial public offering, and now it has — for the wrong reason. Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg. It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut… Source link

Robinhood shares began trading Thursday under the ticker HOOD, opening on the public markets at $38 per share. The shares had also been priced at $38. In the first half hour, the stock dropped around 5% to around $36. The stock was expected to be priced between $38 and $42, coming in at the lower end of the range, and giving the company a valuation of $32 billion.  The investing app offers a simple and mobile-first way for investors to buy stocks, ETFs, and even cryptocurrency and played a… Source link

As Robinhood (HOOD) prepares for its IPO on July 29 in a bid for a $35 billion valuation, some analysts warn that the company’s business model — specifically its reliance on payment for order flow (PFOF) — is an unseemly practice that won’t last. “This IPO is effectively selling investors on exploiting other investors,” David Trainer, CEO of New Constructs, said on Yahoo Finance Live (video above). “The whole payment-for-order-flow business model is probably not going to be long for… Source link