Crypto Carnage: Why Robinhood Stock Is Headed for a Massive Plunge

Given the recent weakness of cryptocurrencies and my belief that they could fall much further, along with the extremely elevated valuation of Robinhood stock (NASDAQ:HOOD), I recommend selling HOOD stock at this point. Also making me bearish on Robinhood stock stock at this point is my belief that U.S. stocks could easily decline 10%-15% in the near-to-medium term. HOOD Will Be Hurt by Crypto’s Weakness On April 11, Citi cut its rating on HOOD stock to “sell” from “neutral.” According to Citi, the shares ha ...