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Barchart
Pathikrit Bose

The Selloff in Robinhood Stock Shows Just How Much Wall Street Was Counting on Crypto

Even as the wider markets flirt with record-high levels, an earnings miss will almost inevitably lead to a brutal whiplash for any stock. That is undoubtedly what happened with the shares of the discount broker, Robinhood (HOOD). Investors, not able to find comfort, or rather opting to ignore any semblance of positivity, dumped HOOD stock unceremoniously, leading to its shares nosediving by more than 13% in yesterday's trading session.

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