Robinhood Inc. ($HOOD) Stock Forecast: Down 5.1% Today

What is Robinhood Inc.?

Robinhood Markets (HOOD) is a financial services company that provides commission-free trading services through its mobile app. The company made its public debut in July 2021 and has attracted the attention of investors.

Why is Robinhood Inc. going down?

HOOD stock is down 5.1% on Dec 10, 2024 16:43

• Despite optimism from large investors in options trading, Robinhood Markets (HOOD) saw a significant decline in its stock price today.
• Speculation about a possible downturn in Nvidia (NVDA) by a seasoned market observer may have influenced the technology sector, impacting Robinhood's stock negatively.
• While analysts have been positive about Robinhood's growth and financial performance, prevailing market sentiment today seemed to overshadow these favorable assessments.
• General market sentiment and various external factors like worries about market downturns and the overall performance of the technology sector may have played a role in the decline of Robinhood's stock today.

HOOD Price Chart

HOOD Technical Analysis

HOOD News

Robinhood Markets Options Trading: A Deep Dive into Market Sentiment - Robinhood Markets ( NASDAQ:HOOD )

Whales with a lot of money to spend have taken a noticeably bullish stance on Robinhood Markets. Looking at options history for Robinhood Markets HOOD we detected 27 trades. If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/12/42418063/robinhood-markets-options-trading-a-deep-dive-into-market-sentiment

Longtime Nvidia Observer Expects A Crash--How To Protect Against It - NVIDIA ( NASDAQ:NVDA ) , Robinhood Markets ( NASDAQ:HOOD )

Fred Hickey, the longtime editor of "High-Tech Strategist", was quoted on Nvidia, Inc. NVDA in The Market Ear on Thursday ( "A Legend Expects A Crash In Nvidia Relatively Soon" ) : "Over the past 25 years, I've witnessed five NVDA stock collapses of at least 55% and up to 90% and I've ...

https://www.benzinga.com/markets/options/24/12/42396441/longtime-nvidia-observer-expects-a-crash-how-to-protect-against-it

This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday - JD.com ( NASDAQ:JD ) , Robinhood Markets ( NASDAQ:HOOD )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Morgan Stanley analyst Ryan Kenny upgraded Jefferies Financial Group Inc.

https://www.benzinga.com/24/12/42388056/this-robinhood-analyst-turns-bullish-here-are-top-5-upgrades-for-monday-3

Robinhood Markets Grows Into 'Best-In-Class' Brokerage, Analyst Says - Robinhood Markets ( NASDAQ:HOOD )

Analysts have updated coverage and raised price targets on Robinhood Markets, Inc. HOOD after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.

https://www.benzinga.com/24/12/42374462/robinhood-markets-grows-into-best-in-class-brokerage-analyst-says

Unpacking the Latest Options Trading Trends in Robinhood Markets - Robinhood Markets ( NASDAQ:HOOD )

Deep-pocketed investors have adopted a bullish approach towards Robinhood Markets HOOD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/12/42365739/unpacking-the-latest-options-trading-trends-in-robinhood-markets

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Robinhood Inc. Price History

10.11.2024 - HOOD Stock was down 5.1%

• Despite optimism from large investors in options trading, Robinhood Markets (HOOD) saw a significant decline in its stock price today.
• Speculation about a possible downturn in Nvidia (NVDA) by a seasoned market observer may have influenced the technology sector, impacting Robinhood's stock negatively.
• While analysts have been positive about Robinhood's growth and financial performance, prevailing market sentiment today seemed to overshadow these favorable assessments.
• General market sentiment and various external factors like worries about market downturns and the overall performance of the technology sector may have played a role in the decline of Robinhood's stock today.

18.10.2024 - HOOD Stock was up 5.0%

• Analysts upgraded their rating on Robinhood Markets Inc., leading to increased investor confidence in the stock.
• The bullish movement in HOOD could be attributed to the positive sentiment generated by the analyst upgrade, indicating a potential growth trajectory for the company.
• This upgrade suggests that investors are optimistic about Robinhood's future performance and potential for expansion in the financial services industry.
• The positive outlook from analysts could have sparked buying interest in HOOD, driving the stock price higher as traders anticipate future growth and profitability for the company.

13.10.2024 - HOOD Stock was down 5.1%

• Despite bullish options activity, HOOD experienced a bearish movement, possibly due to profit-taking by investors who had previously taken a bullish stance.
• The stock hitting a 52-week high might have attracted some investors to sell off, leading to the bearish movement.
• The CEO's comments on the rising interest in election prediction markets could have caused uncertainty among investors, contributing to the downward trend in HOOD's stock price.

21.10.2024 - HOOD Stock was down 5.2%

• The acquisition of TradePMR by Robinhood highlights the company's strategic shift towards transforming wealth management services, aimed at catering to affluent investors.
• Despite a positive analyst upgrade, there was a bearish market response to the acquisition news, possibly reflecting concerns about the integration process or the deal's valuation.
• Investors may approach HOOD cautiously as it expands its services, potentially resulting in a short-term sell-off of the stock.
• Market movement might also be impacted by profit-taking activities following recent price surges in HOOD's stock.

06.10.2024 - HOOD Stock was up 20.3%

• Despite insider selling by the CFO, Jason Warnick, the stock of Robinhood Markets (HOOD) experienced a strong bullish movement.
• Unusual options activity showing a bearish stance did not deter investors from driving the stock price higher.
• The negative earnings and revenue surprises from the latest quarterly report did not seem to have a lasting impact on the market sentiment towards HOOD.
• The overall bearish pre-market sentiment in the stock market did not translate into a negative movement for Robinhood, indicating strong investor confidence in the company's future prospects.

06.10.2024 - HOOD Stock was up 14.9%

• Despite the CFO's insider sell-off, HOOD stock experienced a bullish movement, indicating strong buying interest in the market.
• The negative Q3 earnings and revenue misses seem to have been overshadowed by other positive factors driving the stock price higher.
• Market sentiment towards Robinhood may have shifted positively due to potential growth prospects or strategic developments not captured in the earnings report.
• The overall bearish pre-market sentiment in the U.S. stock futures did not deter HOOD's bullish movement, suggesting specific company-related factors were more influential in driving the stock price today.

11.09.2024 - HOOD Stock was up 5.0%

• HOOD experienced a strong bullish movement today, surging 9.8%.
• The surge could be attributed to the announcement of Robinhood's first investor day scheduled for December 4, 2024, creating excitement and optimism among investors.
• Analysts are bullish on HOOD's potential for further gains, especially with the company's plans to introduce UK stock investing for British users, indicating a strategic move for international expansion.
• The positive sentiment towards HOOD might also be influenced by the overall growth prospects in the trading industry, as highlighted by the analyst's comments on the strong backdrop for retail brokers in the current volatile trading environment.

31.09.2024 - HOOD Stock was down 14.0%

• HOOD stock experienced a strong bearish movement after missing Q3 earnings and revenue estimates, indicating potential concerns about the company's financial performance.
• The broader market was also down, with U.S. stock futures falling around 0.5%, contributing to the negative sentiment surrounding HOOD.
• The introduction of broader overnight trading by Schwab may have diverted some retail investor attention away from Robinhood, impacting its stock price negatively.
• Despite some bullish moves by financial giants on HOOD, the overall sentiment seemed to be bearish, with a significant percentage of traders showing bearish tendencies in options history analysis.

27.10.2024 - HOOD Stock was up 5.2%

• Surge in options activity and bullish approach from deep-pocketed investors towards Robinhood Markets could have fueled investor optimism and buying interest in HOOD stock.
• Significant rally in HOOD stock since Election Day, outperforming the market, may have attracted more investors looking to capitalize on the upward momentum.
• Overall positive sentiment towards the financial services sector, as seen with Schwab's plans to launch spot crypto trading, could have also contributed to the bullish movement in HOOD stock as investors seek exposure to various financial services offerings.

20.10.2024 - HOOD Stock was up 6.2%

• Acquisition of TradePMR: Robinhood's acquisition of TradePMR, a platform for registered investment advisors, suggests a strategic expansion into serving affluent investors, potentially broadening its customer base and revenue streams.
• Analyst Upgrade: A top Wall Street analyst's bullish sentiment following the upgrade of Robinhood's rating may have increased investor confidence in the company's growth prospects and future performance.
• Overall Market Sentiment: Positive developments like the acquisition and analyst upgrade likely fueled the bullish movement in HOOD stock today, demonstrating investor optimism in the company's strategic decisions and market position.

04.11.2024 - HOOD Stock was up 5.3%

• Robinhood's stock, HOOD, experienced a strong bullish movement today.
• The surge in HOOD's stock price can be attributed to the company's positive business update, showcasing growth in customers, assets under custody, and trading volumes.
• Additionally, the bullish sentiment is reinforced by a notable increase in bullish options trades on Robinhood Markets, with a majority of traders showing optimistic outlooks.
• The overall positive sentiment towards Robinhood may also be influenced by the growing interest in cryptocurrency, as investors seek exposure to digital assets through platforms like Robinhood.

06.11.2024 - HOOD Stock was up 5.3%

• HOOD stock experienced a strong bullish movement today, reaching a 52-week high, driven by several factors:
• The unveiling of Robinhood's long-term growth plan during Investor Day, which included ambitious expansion plans, tokenization initiatives, and low-cost advisory solutions, signaling potential for future growth and innovation.
• The increase in funded customers, assets under custody, and trading volumes as highlighted in the business update, demonstrating the company's ability to attract and retain users.
• The bullish sentiment from deep-pocketed investors and financial giants, as evidenced by the significant uptick in options trading activity and the majority of traders taking a bullish stance on HOOD, reflecting positive market sentiment towards the stock.
• The overall positive market sentiment towards cryptocurrencies, with investors looking to tap into crypto exposure through stocks like HOOD, further contributing to the bullish movement in the stock.