Robinhood Stock Cools Off After S&P 500 Snub

Core Viewpoint - Robinhood Markets Inc (NASDAQ:HOOD) has experienced a significant decline of 6.5% to $69.95 following the announcement from S&P Dow Jones Indices regarding no new inclusions to the S&P 500 Index, despite being one of the best-performing stocks on Wall Street over the past year [1][2]. Group 1: Stock Performance - HOOD's stock has reached a record high of $77.80 recently and has increased by 218% year-over-year [2]. - The stock is currently facing its worst single-session decline since March 26, indicating a potential short-term setback [2]. - The 14-Day Relative Strength Index (RSI) is at 81, indicating that the stock is in "oversold" territory, despite the overall uptrend supported by its 200-day moving average [2]. Group 2: Analyst Sentiment - Deutsche Bank has raised its price target for HOOD from $70 to $85, reflecting long-term analyst optimism despite the recent decline [2]. - Short-term traders are currently betting bearishly, with a Schaeffer's put/call open interest ratio (SOIR) of 0.74, which is close to an annual high [3]. Group 3: Options Trading - Robinhood has outperformed options traders' volatility expectations over the last 12 months, as indicated by its Schaeffer's Volatility Scorecard (SVS) of 84 out of 100, suggesting a favorable environment for options trading [3].