HOOD Stock Soars 13% in a Week: Buy the Recovery or Hold Back?

Shares of Robinhood Markets Inc. (HOOD) jumped 13% last week, recouping some of the lost value in the major broader market sell-off that started in the last week of February. The rise coincided with the company’s announcement of the launch of a prediction markets hub directly within the Robinhood app. Rating upgrades from two investment firms also lifted investor sentiments.Despite solid performance last week, HOOD stock is still down 3.4% in the past month. The stock fared better than the industry’s declin ...