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Robinhood Markets, Inc. (HOOD) Stock Sinks As Market Gains: What You Should Know

Robinhood Markets, Inc. (HOOD) closed the most recent trading day at $16.25, moving -0.98% from the previous trading session.

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This story originally appeared on Zacks

Robinhood Markets, Inc. (HOOD) closed at $16.25 in the latest trading session, marking a -0.98% move from the prior day. This change lagged the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.14%.

- Zacks

Prior to today's trading, shares of the company had lost 14.22% over the past month. This has lagged the Finance sector's gain of 4.89% and the S&P 500's gain of 0.12% in that time.

Wall Street will be looking for positivity from Robinhood Markets, Inc. as it approaches its next earnings report date. This is expected to be January 27, 2022.

Investors should also note any recent changes to analyst estimates for Robinhood Markets, Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 53.15% lower within the past month. Robinhood Markets, Inc. is currently a Zacks Rank #3 (Hold).

The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 14, which puts it in the top 6% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.



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Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report

 

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