SEC Issues Wells Notice to Robinhood For Crypto Trading Business [Yahoo! Finance]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Yahoo! Finance
2.5% drop in its share price during pre-market trading, reaching $17.95. A Wells notice is a formal letter sent by the securities regulator signaling the conclusion of its investigation, in this case, on Robinhood's U.S.-based crypto business. The SEC has concluded a "preliminary determination" to recommend an enforcement action related to alleged securities violations. This investigation follows Robinhood's efforts to register with the U.S. securities watchdog, as highlighted by Dan Gallagher, the chief legal, compliance, and corporate affairs officer at Robinhood Markets. Gallagher expressed disappointment with the SEC's decision, stating, "After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to 'come in and register,' we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business." He further emphasized that Robinhood does not view its listed assets as securities. Robinhood h
Show less
Read more
Impact Snapshot
Event Time:
HOOD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HOOD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HOOD alerts
High impacting Robinhood Markets, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
HOOD
News
- Robinhood Stock Soared Over 20% This Week -- Here's Why [Yahoo! Finance]Yahoo! Finance
- Robinhood Soars on Double Upgrade From Long-Time Bearish Analyst [Yahoo! Finance]Yahoo! Finance
- Robinhood Soars on Double Upgrade From Long-Time Bearish Analyst [BNN Bloomberg (Canada)]BNN Bloomberg
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "buy" rating. They now have a $24.00 price target on the stock, up previously from $14.00.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $30.00 price target on the stock.MarketBeat
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/14/24 - Form 4
- HOOD's page on the SEC website