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Benzinga
Benzinga
Business
Henry Khederian

Robinhood Stock Pulls Back From All-Time Highs: What's Going On?

HOOD Robinhood Robinhood Markets Robinhood Markets, Inc. United States
Montreal,,Canada,-,March,08,,2020:,Robinhood,App,And,Logo

Shares of Robinhood Markets Inc (NASDAQ:HOOD) are trading lower Thursday morning, retreating from a new all-time high set just a day earlier. Here’s what investors need to know.

What To Know: The stock is sliding on Thursday after failing to secure a spot in the prestigious S&P 500 index. Robinhood’s record-setting session on Wednesday was, meanwhile, propelled by a series of major announcements highlighting a significant expansion into the cryptocurrency space.

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