Robinhood Inc. ($HOOD) Stock Forecast: Down 5.2% Today

What is Robinhood Inc.?

Robinhood Markets Inc. (HOOD) is a financial services company that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile app and website.

Why is Robinhood Inc. going down?

HOOD stock is down 5.2% on Nov 21, 2024 15:41

• The acquisition of TradePMR by Robinhood highlights the company's strategic shift towards transforming wealth management services, aimed at catering to affluent investors.
• Despite a positive analyst upgrade, there was a bearish market response to the acquisition news, possibly reflecting concerns about the integration process or the deal's valuation.
• Investors may approach HOOD cautiously as it expands its services, potentially resulting in a short-term sell-off of the stock.
• Market movement might also be impacted by profit-taking activities following recent price surges in HOOD's stock.

HOOD Price Chart

HOOD Technical Analysis

HOOD News

Robinhood's Acquisition of TradePMR to Transform Wealth Management

In sync with its strategy to become a one-stop shop for financial services, HOOD announces an agreement to acquire TradePMR.

https://www.zacks.com/stock/news/2372581/robinhoods-acquisition-of-tradepmr-to-transform-wealth-management

Robinhood Targets Affluent Investors With $300 Million TradePMR Deal - Robinhood Markets ( NASDAQ:HOOD )

On Tuesday, Robinhood Markets Inc HOOD said it plans to acquire TradePMR, a custodial and portfolio management platform specializing in registered investment advisors ( RIAs ) . The deal, valued at approximately $300 million in cash and stock, is set to close in the first half of 2025.

https://www.benzinga.com/24/11/42069937/robinhood-targets-affluent-investors-with-300-million-tradepmr-deal

This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday - Robinhood Markets ( NASDAQ:HOOD )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Needham analyst John Todaro upgraded the rating for Robinhood Markets, Inc.

https://www.benzinga.com/24/11/42034718/this-robinhood-analyst-turns-bullish-here-are-top-5-upgrades-for-monday-2

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Robinhood Inc. Price History

18.10.2024 - HOOD Stock was up 5.0%

• Analysts upgraded their rating on Robinhood Markets Inc., leading to increased investor confidence in the stock.
• The bullish movement in HOOD could be attributed to the positive sentiment generated by the analyst upgrade, indicating a potential growth trajectory for the company.
• This upgrade suggests that investors are optimistic about Robinhood's future performance and potential for expansion in the financial services industry.
• The positive outlook from analysts could have sparked buying interest in HOOD, driving the stock price higher as traders anticipate future growth and profitability for the company.

13.10.2024 - HOOD Stock was down 5.1%

• Despite bullish options activity, HOOD experienced a bearish movement, possibly due to profit-taking by investors who had previously taken a bullish stance.
• The stock hitting a 52-week high might have attracted some investors to sell off, leading to the bearish movement.
• The CEO's comments on the rising interest in election prediction markets could have caused uncertainty among investors, contributing to the downward trend in HOOD's stock price.

21.10.2024 - HOOD Stock was down 5.2%

• The acquisition of TradePMR by Robinhood highlights the company's strategic shift towards transforming wealth management services, aimed at catering to affluent investors.
• Despite a positive analyst upgrade, there was a bearish market response to the acquisition news, possibly reflecting concerns about the integration process or the deal's valuation.
• Investors may approach HOOD cautiously as it expands its services, potentially resulting in a short-term sell-off of the stock.
• Market movement might also be impacted by profit-taking activities following recent price surges in HOOD's stock.

06.10.2024 - HOOD Stock was up 20.3%

• Despite insider selling by the CFO, Jason Warnick, the stock of Robinhood Markets (HOOD) experienced a strong bullish movement.
• Unusual options activity showing a bearish stance did not deter investors from driving the stock price higher.
• The negative earnings and revenue surprises from the latest quarterly report did not seem to have a lasting impact on the market sentiment towards HOOD.
• The overall bearish pre-market sentiment in the stock market did not translate into a negative movement for Robinhood, indicating strong investor confidence in the company's future prospects.

06.10.2024 - HOOD Stock was up 14.9%

• Despite the CFO's insider sell-off, HOOD stock experienced a bullish movement, indicating strong buying interest in the market.
• The negative Q3 earnings and revenue misses seem to have been overshadowed by other positive factors driving the stock price higher.
• Market sentiment towards Robinhood may have shifted positively due to potential growth prospects or strategic developments not captured in the earnings report.
• The overall bearish pre-market sentiment in the U.S. stock futures did not deter HOOD's bullish movement, suggesting specific company-related factors were more influential in driving the stock price today.

11.09.2024 - HOOD Stock was up 5.0%

• HOOD experienced a strong bullish movement today, surging 9.8%.
• The surge could be attributed to the announcement of Robinhood's first investor day scheduled for December 4, 2024, creating excitement and optimism among investors.
• Analysts are bullish on HOOD's potential for further gains, especially with the company's plans to introduce UK stock investing for British users, indicating a strategic move for international expansion.
• The positive sentiment towards HOOD might also be influenced by the overall growth prospects in the trading industry, as highlighted by the analyst's comments on the strong backdrop for retail brokers in the current volatile trading environment.

08.09.2024 - HOOD Stock was up 8.7%

• Robinhood's first investor day scheduled for December 4, 2024, in New York City has created a positive buzz among investors, resulting in an upward trend in the stock.
• Big investors showing confidence in Robinhood Markets through their trades suggest a favorable outlook for the company.
• The possibility of Robinhood expanding its services to encompass British users for investing in U.K. stocks indicates potential growth prospects, boosting investor confidence.
• Speculation about a Bitcoin surge and the potential benefits for crypto-related stocks like HOOD may be influencing the current positive momentum in Robinhood's stock.

08.09.2024 - HOOD Stock was up 11.0%

• Robinhood's bullish movement today can be attributed to the positive analyst outlook and expectations of strong growth fueled by new trading features.
• The announcement of the company's first investor day has likely generated excitement among investors, contributing to the upward momentum in the stock price.
• The bullish stance taken by whales and investors on Robinhood further reinforces market confidence in the company's future prospects.
• The potential expansion into the UK market for stock investing and the association with the crypto industry through stocks like HOOD indicate a strategic positioning for future growth, driving investor optimism and driving the bullish movement in the stock.

31.09.2024 - HOOD Stock was down 14.0%

• HOOD stock experienced a strong bearish movement after missing Q3 earnings and revenue estimates, indicating potential concerns about the company's financial performance.
• The broader market was also down, with U.S. stock futures falling around 0.5%, contributing to the negative sentiment surrounding HOOD.
• The introduction of broader overnight trading by Schwab may have diverted some retail investor attention away from Robinhood, impacting its stock price negatively.
• Despite some bullish moves by financial giants on HOOD, the overall sentiment seemed to be bearish, with a significant percentage of traders showing bearish tendencies in options history analysis.

01.09.2024 - HOOD Stock was down 5.3%

• Robinhood Markets introduced crypto transfers in Europe, which was seen as a positive development. However, bearish options activity and concerns about potential interest rate cuts impacting the stock's rally likely influenced the bearish movement.
• Notable bearish options activity from well-funded investors might have negatively impacted the market sentiment towards HOOD.
• Speculations regarding interest rate cuts by the Federal Reserve could have sparked worries about Robinhood's growth prospects, prompting a sell-off of the stock.
• Despite some optimistic bets on HOOD options, the overall mood appears to have been overshadowed by bearish signs and broader market conditions, leading to a more significant drop in the stock compared to the general market performance today.

08.09.2024 - HOOD Stock was up 6.7%

• Robinhood's bullish movement today might be linked to the announcement of its plans to introduce UK stock investing for British users, showcasing the company's endeavors to broaden its market presence and foster growth beyond domestic markets.
• The expectation of potential gains from the next Bitcoin rally could also be driving investor interest in Robinhood, with mentions of 4 crypto stocks with notable upside, including HOOD.
• Furthermore, the optimistic outlook on Robinhood's history of surprising earnings and the possibility of surpassing expectations in its upcoming quarterly report could be bolstering the positive momentum in the stock today.

20.10.2024 - HOOD Stock was up 6.2%

• Acquisition of TradePMR: Robinhood's acquisition of TradePMR, a platform for registered investment advisors, suggests a strategic expansion into serving affluent investors, potentially broadening its customer base and revenue streams.
• Analyst Upgrade: A top Wall Street analyst's bullish sentiment following the upgrade of Robinhood's rating may have increased investor confidence in the company's growth prospects and future performance.
• Overall Market Sentiment: Positive developments like the acquisition and analyst upgrade likely fueled the bullish movement in HOOD stock today, demonstrating investor optimism in the company's strategic decisions and market position.