What's Going On With Robinhood Stock Today?
Portfolio Pulse from Erica Kollmann
Robinhood Markets, Inc. (NASDAQ:HOOD) reported its August 2024 operating data, showing growth in funded customers and assets under custody year-over-year, despite a slight decline in equity and options trading volumes from July. The stock rose 3.8% in regular trading but fell slightly after-hours.
September 09, 2024 | 9:12 pm
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Robinhood's August 2024 data shows an increase in funded customers and AUC year-over-year, but a decline in trading volumes from July. The stock rose 3.8% in regular trading but fell slightly after-hours.
The increase in funded customers and AUC indicates positive growth, which likely contributed to the stock's rise during regular trading. However, the decline in trading volumes and the slight after-hours drop suggest mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100