3 Popular Robinhood Stocks Wall Street Hates
This has been a year filled with uncertainty, and it's led to record-breaking volatility on Wall Street. Although things may look relatively calm now, the broad-based S&P 500 registered its fastest bear-market drop ever in March, and the index has logged 10 of its largest single-session point declines in history since the year began.
While these wild stock market swings have been unnerving for some folks, they've proved to be an insatiable lure for millennial and novice investors. We know this because online investing app Robinhood has added millions of new members in 2020, and the average age of its user base is only 31.
Though it's great to see young investors putting their money to work in the stock market, many Robinhood users have chosen to chase penny stocks or downright awful companies. As a result, quite a few of the most popular Robinhood stocks are hated by Wall Street. This was especially evident during the third quarter, with money managers running for the exit from the following three stocks.
Source Fool.com
