Latest news with #RobinhoodMarkets
Bloomberg
21 hours ago
- Business
- Bloomberg
Robinhood Traders Playing S&P Index-Guessing Game Get Schooled
In the end, Robinhood Markets Inc. found itself caught in the same kind of trade its users favor: One driven more by speculation than certainty. Last week, traders were speculating Robinhood would be added to the S&P 500 as part of the index's quarterly rebalancing. Shares of the online brokerage climbed every day in anticipation, setting four consecutive all-time highs and gaining 13% across five sessions.
Yahoo
a day ago
- Business
- Yahoo
Robinhood, AppLovin Stocks Sink as Firms Not Included in S&P 500
Robinhood Markets and AppLovin weren't added to the S&P 500 index as some had speculated, sending their shares lower Monday. Robinhood Markets shares hit an all-time high Friday as several analysts suggested it would be included in the prestigious index. A short seller reportedly lobbied the producer of the index to keep AppLovin of Robinhood Markets (HOOD) and AppLovin (APP) fell about 7% and 6%, respectively, Monday as neither was added to the S&P 500 as some had anticipated. S&P Global, which produces the index, made no changes to the prestigious index in its June rebalancing. Bloomberg said that analysts, including those at Bank of America and Barclays, had speculated that Robinhood would be added, sending the online trading platform's shares soaring to an all-time high Friday. Some intrigue was involved in the AppLovin story. CNBC reported in March that short seller Fuzzy Panda Research urged S&P Global to keep the mobile marketing platform out of the index. The network cited a letter from Fuzzy Panda calling AppLovin a "nexus of a house of cards," and claimed it violated the app store policies of Alphabet's (GOOGL) Google and Apple (AAPL). Inclusion in the S&P 500 can be advantageous to stocks, because it exposes them to a wider group of investors who could become aware of those companies through an index. In addition, they can be put into various index funds that track S&P 500 stocks. Despite today's losses, shares of both Robinhood Markets and AppLovin are comfortably higher year-to-date. Read the original article on Investopedia
Yahoo
a day ago
- Business
- Yahoo
Robinhood shares fall as S&P 500 inclusion hopes dashed
(Reuters) -Shares of Robinhood Markets dipped 5% in premarket trading on Monday, after S&P Dow Jones Indices made no changes to the S&P 500 membership following recent speculation that the online brokerage would be added to the index. S&P Dow Jones Indices announced late on Friday that it will not be making any changes to the components of the benchmark S&P 500 as part of quarterly rebalancing. Robinhood stock rallied in recent weeks, touching its highest level since 2021 market debut on Friday, as investors priced in a possible inclusion in the index. Bank of America analysts earlier this month touted the company as the "prime candidate" to join the S&P 500. Robinhood's shares were down 5% at $71.2 before the bell, while marketing platform AppLovin, which also rallied last week on bets of inclusion, dropped 5% to $397. To be included on the index, a company has to be U.S. domiciled, listed on a prominent U.S. exchange and have a market capitalization of $20.5 billion or higher. Robinhood had a market valuation of $66.1 billion as of Friday's close, with shares more than doubling in value this year and trading well above its IPO price of $38 apiece. Crypto-exchange operator Coinbase Global was the latest addition to the S&P 500 last month, making it the first digital asset player to be included in the index. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
No S&P 500 Stock Changes In Quarterly Rebalance; Robinhood Is The Biggest Snub
S&P Dow Jones Indices made no changes to the S&P 500 index late Friday, snubbing Robinhood Markets and AppLovin.
Yahoo
4 days ago
- Business
- Yahoo
Why Robinhood Markets Stock Blasted Nearly 35% Higher in May
It was a busy month for the next-generation online brokerage. It particularly focused its attention on the world of cryptocurrency. 10 stocks we like better than Robinhood Markets › Robinhood Markets (NASDAQ: HOOD) had a scorching 2025 in the first few months of the year, and it continued to barrel ahead in May. The online brokerage's shares saw their value rise almost 35% across the month, according to data provided by S&P Global Market Intelligence, on the back of a well-received earnings report published on the last day of April, plus new and intriguing forays into cryptocurrency and related offerings. While the key figures in that first-quarter earnings release were more or less in the ballpark of analyst expectations, there was no ignoring the hot growth rates posted by Robinhood. Net revenue muscled 50% higher year over year to land at $927 million, thanks to robust year-over-year increases in transaction revenue from facilitating trades in assets such as cryptocurrencies (up by 100% to $252 million), options (56% higher at $240 million), and stocks (44% improvement to $56 million). Speaking of doubling (and then some), Robinhood's net income for the quarter surged 114% higher to $336 million. On top of that, Robinhood announced it was substantially raising the total authorized amount of its current share repurchase program to $1.5 billion from the previous ceiling of $500 million. Management wasn't necessarily thinking hard about stocks in that relatively warm month; no doubt inspired by its clientele's embrace of cryptocurrency, it doubled down on its involvement with digital coins and tokens. In mid-May it announced a deal to buy Canadian company WonderFo Technologies, which owns a pair of regulated cryptocurrency platforms. The total equity value of the deal is roughly 250 million Canadian dollars ($183 million). In its press release touting the deal, Robinhood said that its own "accessible, low-cost, and secure platform will build upon WonderFi's mission and bring millions of Canadians greater access to crypto trading." During the month, Robinhood and crypto technology were connected in a Bloomberg article. The story stated that the brokerage plans to construct a blockchain-based trading system for European investors to transact in U.S. securities. Although details of the apparent plan were scant, it's likely to utilize a digital token-based regime that would allow for those investors abroad to trade U.S. titles quickly and relatively cheaply. Whether or not you're in line with the market's near-35% boost of Robinhood stock on these developments depends heavily on your feelings about cryptocurrency. If you're as bullish as Robinhood management on the future of this asset class, the company's shares are about the best play in the brokerage sphere right now. If not, it might be best for this recent wave of enthusiasm to subside. While I like the company as a business, I'd opt for being more cautious just now. Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Robinhood Markets wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Robinhood Markets Stock Blasted Nearly 35% Higher in May was originally published by The Motley Fool Sign in to access your portfolio
