Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Robinhood Stock Got Slammed Today

TheMotleyFool

0 0

The broader stock market had a decent trading session on Thursday, but we can't say the same for Robinhood Markets (NASDAQ: HOOD) shares. Investors aggressively traded out of the next-generation brokerage's equity, resulting in a loss of more than 9% in price. This followed a dispiriting operational update from the company.

Robinhood released its monthly trading metrics for November just after the market close on Wednesday, and many found them discouraging. Its equity trading volumes fell by 37% compared to October, reaching $201.5 billion (this figure, however, was up by the same percentage year-over-year).

Image source: Getty Images.

Source Fool.com

Like: 0

HOOD

Share