Why Robinhood Stock Dove This Morning and Then Recovered

Why Robinhood Stock Dove This Morning and Then Recovered
·3 min read

Shares of Robinhood Markets (NASDAQ: HOOD), the disruptive financial brokerage targeting millennials and Gen Z, opened 14% lower today before rapidly recovering those losses. When Robinhood went public nearly a year ago, it was posting rapid growth with revenue doubling on a year-over-year basis, but that momentum has quickly faded. In the fourth quarter, total revenue rose 14% to $363 million, which matched estimates.

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