Is Robinhood Stock a Buy Now?
Shares of Robinhood (NASDAQ: HOOD) have fallen roughly 20% from their all-time highs. That puts the stock into its own bear market. Is this a buying opportunity or should investors avoid this discount broker? What happens during the next bear market should be a crucial factor in your decision-making process.
Robinhood is a discount stockbroker. It competes with companies like Charles Schwab and Interactive Brokers. Robinhood has been an industry disruptor, which has helped it expand rapidly. Most notably, it was the driving force behind commission-free trading that many of its peers ultimately adopted in some form.
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Source Fool.com
