Robinhood Stock Whipsaws Amid Market Volatility


Shares of Robinhood Markets  (HOOD) – Get Robinhood Markets, Inc. Class A Report slipped to a low of $20.58 on Monday amid declining user growth coupled with omicron related volatility in the markets.

Robinhood has gained 15.25% since Monday’s low and closed Wednesday at $23.72. But that’s still a 38% decline from its IPO price of $38 a share. 

The stock has dropped 72% in value from its intraday high of $85 reached earlier this year.

In October, Robinhood posted a wider-than-expected third quarter loss as the company saw fewer new accounts amid a slowdown in activity related to cryptocurrencies.





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