Why Robinhood Stock Dropped 12% in January
It's been moving in line with cryptocurrency.Shares of trading platform stock Robinhood Markets (HOOD 3.16%) fell 12% in January, according to data provided by S&P Global Market Intelligence. The stock, which is highly exposed to cryptocurrency, has been moving in line with popular cryptocurrencies like Bitcoin. Bitcoin is down 25% over the past three months. Strong growth, high gainsRobinhood has become one of the foremost trading platforms for retail investors, and it now offers an expanded platform where ...