What's Going On With Robinhood's Stock?
Portfolio Pulse from Erica Kollmann
Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher after Roaring Kitty sparked a meme stock revival, influencing stocks like GameStop and AMC Entertainment. Heavy trading volume is noted with over 15.16 million shares traded, against a 100-day average of 17.031 million. Analysts have mixed ratings on HOOD, with an average 12-month price target of $19.67, suggesting potential upside.
May 13, 2024 | 4:30 pm
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Robinhood's stock is trading higher due to a meme stock revival sparked by Roaring Kitty. Analysts have mixed ratings but the average price target suggests potential growth.
The resurgence of meme stock interest, led by Roaring Kitty, has directly impacted Robinhood's trading volume and stock price. Analysts' mixed ratings and the average price target indicate a cautiously optimistic outlook for HOOD's short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100