Ignore the Crypto Noise: Why Robinhood Stock Is Still a Long-Term Buy
HOODRobinhood(HOOD) InvestorPlace·2024-05-14 18:08

From a cursory look at the statistics, financial services firm Robinhood (NASDAQ:HOOD) — known for its gamified trading app — seems an idea from which to exit quickly. Last Friday, HOOD dropped more than 6% in equity value. In the past month (under wildly choppy conditions), Robinhood stock suffered a near 10% loss. At the same time, the company posted some record-setting metrics for its most recent first-quarter 2024 earnings report. Further, retail investors are continuing to take control of their portfol ...