Here's the Top Consumer Stock Robinhood Traders Are Selling Today
Investing app Robinhood is taking the world by storm -- but that's not always good news for the stocks its users focus on. Case in point: Walt Disney (NYSE: DIS).
Thursday wasn't a great day for the stock market, with the Dow Jones Industrial Average closing down 0.3% and the S&P 500 falling 0.5%. Disney stock, however, got hit twice as hard as the average stock, falling 1.2% -- and Robinhood may be part of the reason why.
According to the Robintrack twitterbot that tracks Robinhood traders' purchases and sales of stocks on a daily basis, Disney was the second most-sold stock on Robinhood Thursday. Among consumer goods stocks in particular, no stock experienced a greater decrease in the number of investors owning it, on Robinhood, than did Disney.
Source Fool.com