Robinhood Stock Rallies on Closed SEC Investigation

Company Insights - Robinhood Markets Inc (NASDAQ:HOOD) has seen a significant increase in its stock price, currently trading at $52.83, marking a 2.4% rise and poised to end a four-day losing streak [2] - The company has experienced a remarkable year-over-year performance, boasting a 269.4% increase, and is not far from its three-year high of $62.09 reached on February 13 [2] - The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Robinhood's crypto unit without taking any action, which follows the SEC's recent decision to drop its lawsuit against Coinbase Global [3] Market Sentiment - Options traders are exhibiting a bullish sentiment towards Robinhood, as indicated by a 50-day call/put volume ratio of 3.31, which is higher than 98% of readings from the past year [1] - The security's score of 84 suggests that Robinhood tends to deliver larger-than-expected price movements compared to the options market's low volatility expectations [1]