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Barchart
Barchart
Ruchi Gupta

Should You Buy, Sell, or Hold HOOD Stock as Robinhood Gets Into Wealth Management and Banking?

HOOD Robinhood United States

Robinhood Markets (HOOD) is a digital financial services firm based in the U.S. that allows its users to invest in stocks, options, exchange-traded funds (ETFs), and cryptocurrencies. Incorporated in 2013, the company now has a user base of 25.2 million funded accounts.

Robinhood’s stock has seen tremendous growth in the last couple of years. Shares are up 370% over the past two years, up more than 104% over the past 52 weeks, and up 10.3% in the year to date. However, shares have not been immune from the broader market selloff, and are down nearly 40% from their 52-week high. 

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