Something Risky With Potential: Robinhood (HOOD)

During the last session 88M of Robinhood Markets, Inc.’s (NasdaqGS:HOOD) shares were traded. The stock closed at $46.8 per share indicating that it gained $9.12 or 24.2% during that day which brings the Robinhood Markets, Inc.’s valuation to $39.11B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $48.59. That puts it -3.68% from that peak but still a N/A gain since the share price dropped to a 52-week low of $33.25, while the S&P 500’s share price change was of 33.10%.

What does the trading volume tell us about the HOOD stock?

During the last trading session, Robinhood Markets, Inc. (NasdaqGS:HOOD) has seen growth in its daily volume. The daily volume was of 54M, while in the last 10 days the average was 54.11M and last three months – 54.11M.

The increasing interest in the HOOD stock from the investors is helping to drive the stock price up.