3 Reasons Robinhood Stock Will Win This Week
It's been a wild first few weeks of trading for Robinhood Markets (NASDAQ: HOOD) as a public company, and the volatility isn't taking a breather anytime soon. The revolutionary online trading platform reports its second-quarter results after Wednesday's market close. A lot is riding on the fresh financials.
Robinhood stock has been all over the map after hitting the market at $38 late last month. It was initially a dud, closing below its debut price in its first three days of trading. Then the bulls took over. By its fifth day of trading the stock peaked at $85. Robinhood has been inching down ever since, moving lower in five of the past six trading days. A blowout financial update could naturally turn things around.
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Source Fool.com
