Robinhood to the moon or dropping back to earth?
Robinhood stock craters 28% yesterday, investors file to sell 97.9 million shares one day. The stock trading app $Robinhood (HOOD.US)$ went public last Thursday on the Nasdaq under the ticker HOOD. The IPO was priced at $38$ per share and started rising in recent days.
Earlier Tuesday, ARK Innovation ETF $ARK ETFs (LIST2551.US)$ disclosed that it held around 4.9 million shares of Robinhood stock. The stock price soon responded and surged over 50%. However this event-driven stock paring back a stunning two-day gain of 87% this week after some shareholders file to sell.
Robinhood users have involved in the $AMC Entertainment (AMC.US)$ and $GameStop (GME.US)$ trading frenzies earlier this year. So perhaps it was inevitable that Robinhood’s own stock would get caught in a similar updraft. Anyway, beware of the risks and have fun tho.
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snowingdesert : If it drops below its after-IPO opening price, I might consider buying.
搞经济 抄底 加仓 : SpaceX damage a few rockets
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Caliburz snowingdesert : I'm thinking of shorting this
ducklol : LMAO 17 $80 BAGHOLDERS
让子弹飞（SG) : Whatever not worth the price will drop to the reasonable line after time
Dylinh : Robinhood goes to hell