Streetbeat News

HOOD

Robinhood Markets, Inc.

Industry

Software - Infrastructure

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.

Open

31.89

Mkt cap

29B

Volume

14M

High

32.35

P/E Ratio

55.72

52-wk high

34.32

Low

31.26

Div yield

N/A

52-wk low

7.92

Etoro, a competitor of Robinhood, has agreed to a share sale at a discounted valuation, raising $120 million. This could potentially impact Robinhood's market position and valuation.

Portfolio Pulse from Charles Gross

July 31, 2023 | 11:49 am

Robinhood shares are trading higher amid overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:59 pm

The U.S. Securities and Exchange Commission (SEC) is planning to impose stricter controls on retail brokerages like Robinhood Markets Inc. (NASDAQ:HOOD) to protect customers from the potential misuse of advanced analytics. The SEC aims to hold algorithms predicting or influencing investors' behavior to the same standards as investment advice. The new regulations are a response to the meme-stock frenzy of 2021. Robinhood has responded by stating that it presents complex information in ways customers find useful, not as a recommendation. The SEC has also voted to implement a rule requiring public companies to disclose significant cybersecurity breaches to their investors within four business days.

Portfolio Pulse from Michael Cohen

July 26, 2023 | 4:55 pm

Robinhood Markets has appointed Jordan Sinclair to oversee its long-delayed launch into the British market, according to Sky News.

Portfolio Pulse from Charles Gross

July 25, 2023 | 11:05 am

Sam Bankman-Fried, the ex-crypto billionaire and founder of FTX trading platform, is under house arrest following allegations of massive fraud. Before his legal issues, he was a prominent investor in various cryptocurrency and fintech projects, including Worldcoin, a project launched by OpenAI CEO Sam Altman. Bankman-Fried's investments in 2022 included Voyager Digital, BlockFi, and a 7.6% stake in Robinhood Markets Inc (NASDAQ:HOOD).

Portfolio Pulse from AJ Fabino

July 24, 2023 | 9:40 pm

In June 2023, Robinhood Markets Inc (NASDAQ:HOOD) delisted Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Polygon (CRYPTO: MATIC) due to regulatory pressures. Since then, the value of these cryptocurrencies has risen, with Solana showing a return of 43.4% in less than a month. This outperformed Bitcoin, Ethereum, and the SPDR S&P 500 ETF (NYSE:SPY), which are down 4.0%, flat, and up 5.3% respectively over the same period.

Portfolio Pulse from Chris Katje

July 24, 2023 | 9:10 pm

An option alert has been issued for Robinhood Markets with Sep 15 $13 Calls at the Ask: 300 @ $1.15 vs 8334 open interest. The reference price is $12.785.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:59 pm

FTX (CRYPTO: FTT) is embroiled in a lawsuit accusing Sam Bankman-Fried's father of illegally funding his son's defense through a company loan. The lawsuit seeks to prevent payment or recover hundreds of millions of dollars from Bankman-Fried and other top FTX executives. The complaint also outlines instances of self-dealing involving Bankman-Fried's family, including a $546 million purchase of stock in Robinhood Markets Inc (NASDAQ:HOOD) and transfers to accounts at Morgan Stanley (NYSE:MS).

Portfolio Pulse from Murtuza Merchant

July 21, 2023 | 2:46 pm

The article discusses unusual options activity in the financial sector, with a focus on 10 stocks: Robinhood (HOOD), Bank of America (BAC), Goldman Sachs (GS), Coinbase (COIN), JPMorgan Chase (JPM), Discover Financial Services (DFS), Upstart (UPST), Bank of Hawaii (BOH), Charles Schwab (SCHW), and Blackstone (BX). The article provides detailed information about the options activity for each stock, including the type of option (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, and the total trade price.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 5:35 pm

Major US brokerage firms are experiencing a favorable market momentum due to a rally in US stocks and strong risk appetite among small investors. The iShares U.S. Broker-Dealer & Securities Exchange ETF (IAI) rose 3.6% on Tuesday. Charles Schwab Corp. (SCHW), Morgan Stanley's E*TRADE (MS), and Interactive Brokers Group, Inc. (IBKR) reported Q2 earnings with SCHW and MS beating expectations while IBKR missed. Raymond James Financial, Inc. (RJF), LPL Financial Holdings Inc. (LPLA), Tradeweb Markets Inc. (TW), and Robinhood Markets, Inc. (HOOD) are yet to report their Q2 earnings.

Portfolio Pulse from Piero Cingari

July 19, 2023 | 6:09 pm

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