Robinhood Stock Has Soared 315% From Its 52-Week Low. Is It Too Late to Buy?
Robinhood(HOOD) The Motley Fool·2024-11-17 07:54
There is an unavoidable risk on the horizon for Robinhood.Robinhood Markets (HOOD 0.31%) went public in 2021 at $38 per share and quickly rocketed to an all-time high of $85. Investors rewarded the company's ability to attract young, first-time investors who wanted to trade financial assets like stocks and options contracts to its platform.However, the bear market during 2022 spooked many of Robinhood's clients, and its stock subsequently plunged by more than 90% from its record high. A recovery is now unde ...