Robinhood (HOOD) Surges 66% YTD: Is it a Good Time to Buy?
Robinhood(HOOD) ZACKS·2024-07-26 21:30
Robinhood Markets, Inc. (HOOD) has had an impressive run this year, with the stock skyrocketing 66.3%.This impressive rise has significantly outpaced the 15.5% rally of the industry it belongs to and the 13.4% growth of the Zacks S&P 500 composite.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchTechnical indicators suggest continued strength for HOOD. The stock trades above its 50-day moving average, signaling robust upward momentum and price stability. This positive trend can be attrib ...