Bitcoin Rally Props Up Robinhood Stock Before Earnings
HOODRobinhood(HOOD) Schaeffers Investment Research·2024-08-07 00:22

Robinhood Markets Inc (NASDAQ:HOOD) stock was last seen up 4.4% to trade at $17.15, as Wall Street rebounds from a steep selloff and Bitcoin (BTC) edges higher. The electronic trading platform will report second-quarter earnings after tomorrow's closing bell, with analysts expecting strong results thanks to crypto trading and the resurgence of meme stocks.HOOD sports a 33.2% year-to-date lead, and is bouncing off a pullback to its 200-day moving average, which acted as support in January and February. While ...