Robinhood stock (HOOD) has been in the news for the wrong reasons. The stock has plummeted so badly over the last six months.
Besides a drop in Robinhood share prices, Robinhood has also suffered a drop in active users something that could be attributed to its $430 million loss in its fourth-quarter report.
The dip could however be coming to an end since the stock is likely heading to an oversold region and it could break out any moment.
To help stock investors interested in investing in Robinhood stock (HOOD), Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Robinhood stock?
Robinhood stock is the stock of Robinhood Markets, Inc. and it trades in the US on the NASDAQ Stock exchange under the symbol NASDAQ: HOOD.
In a nutshell, Robinhood Markets, Inc. is an American financial services company that provides investors and traders with commission-free stock trades, exchange-traded funds, and cryptocurrencies via a mobile phone application.
In the recent past, Robinhood has been involved in the listing of meme coins with Dogecoin being the latest meme coin to be listed on its trading app. Shiba Inu was also trying hard to get listed on the app, although Robinhood has suspended any further crypto listing following the drop in its share prices.
Should I buy Robinhood stock today?
If you want to invest in a dipping stock, then Robinhood stock could be a good choice.
Nonetheless, it is important to note that it is difficult to approximate how far the dip shall go especially since it is attributed to the decreasing number of active users; something that has to change for the stock to possibly start rising.
Robinhood stock price prediction
The Robinhood stock (HOOD) has been on a continuous drop since August 2021 and analysts believe it shall go for $9.8 before rising.
$HOOD stock social media coverage
La notizia Where to buy the Robinhood stock (HOOD) dip: it reported a $423M loss in its Q4 report era stato segnalata su Invezz.
