Coinbase Sees Biggest Drop on Record as Cryptocurrencies Crumble [Business News Network (BNN) (Canada)]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Business News Network
The largest U.S. cryptocurrency trading platform fell as much as 15.7% on Friday, its biggest-ever single-session decline and one that's pushed it to its lowest level since its April IPO. At the same time, Bitcoin lost as much as 8.7%. “The correlation between COIN and Bitcoin remains very strong,” said Matt Maley, chief market strategist for Miller Tabak + Co., referring to Coinbase's ticker. The common shares of public companies that operate exchanges usually rise and fall with the popularity of the stuff that trades on them, and Coinbase's moves have often matched nearly perfectly to that of Bitcoin. Meanwhile, Robinhood Markets Inc., a platform trading popular with retail traders, dropped nearly 7% during Friday's session and has fallen to its lowest since its July 2021 public debut. Right now, cryptocurrencies are trudging through a dark stretch, with Bitcoin, the largest digital asset by market value, losing roughly 40% since a peak reached in November. All of it's happen
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HOOD
News
- Robinhood Markets, Inc. (NASDAQ: HOOD) had its price target raised by analysts at Morgan Stanley from $18.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) had its price target raised by analysts at JMP Securities from $28.00 to $30.00. They now have a "market outperform" rating on the stock.MarketBeat
- Robinhood makes headway beyond trading [Yahoo! Finance Canada]Yahoo! Finance Canada
- Robinhood makes headway beyond trading [Yahoo! Finance Canada]Yahoo! Finance Canada
- Robinhood Markets, Inc. (NASDAQ:HOOD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 5/10/24 - Form 144
- 5/8/24 - Form 4
- 5/8/24 - Form 10-Q
- HOOD's page on the SEC website