Robinhood Markets Inc HOOD Stocks were volatile on Thursday. The stock traded around $9.50 shortly after the open before reversing its trend and climbing above $10 a share.
What’s happening: Robinhood is being talked about across all social media platforms. Dealers seem to emphasize a potential technical breakout after the stock found support around the $9 level last month.
Robinhood has been among the top-cited stocks on Reddit’s r/wallstreetbets for the last 24 hours, but Thursday’s volume remains well below average.
The average session volume of Robinhood over a period of 100 days is therefore approximately 15.05 million Gasoline Pro. Trading volume on Thursday was just under 8.5 million at the time of publication.
Robinhood is expected to release operating metrics for August on Monday. The company too recently announced that Robinhood co-founder and CEO Vlad Tenev will be presenting at the Barclays Global Financial Services Conference on September 13th.
From last week: Analyst says Robinhood stock is “not worth a dollar” and calls it a “bad bet for investors with alarming risk”
HOOD Price Promotion: Robinhood has a 52-week high of $18.93 and a 52-week low of $6.81.
The stock is up 1.98% at $10.05 at press time.
Photo: courtesy of Robinhood.
