Robinhood’s IPO last Thursday was lacklustre, but today’s performance has seen shares hit $44
After Robinhood’s $HOOD stock debuted at $38 on the NASDAQ last week, prices slumped to below $34 and failed to reclaim the initial figure until today. Now trading just south of $44, Robinhood is up by 16% on the day, and $HOOD touched $45 earlier in today’s session.
Robinhood shares are a popular stock that you can buy. Read on to learn more.
Robinhood Stock: Where can I buy it in the UK?
Robinhood stock ($HOOD), which is listed on eToro allows you to invest with one the most trusted online brokerages. eToro is fully regulated in Australia, the US, the UK and EU. It has more than 13 million registered users and has been in business for over ten years. To make your first trade, they offer low fees.
Robinhood stock: Should I buy it?
Robinhood has now gathered significant upward momentum as we approach midweek, and the rest of today’s trading session could bring about further gains for $HOOD. The stock price is now 13% higher than the initial IPO price. This indicates that investors are buying more shares of the stock than they were before the hype.
The stock’s initial price was considered to be lowMany analysts believe that this rally is not likely to be unexpected. Robinhood will continue to expand its cryptocurrency offerings, as well as equity, options, and option trading, which should allow Robinhood to grow its user base and increase revenues. This lends weight to a “buy and hold” strategy for $HOOD.
Plans to expand beyond America have been rumored before but are still unknown. This highlights the potential $HOOD for additional growth beyond the IPO.