Robinhood (HOOD) Raises 50.41% on Wednesday

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During the last session 172M of Robinhood Markets, Inc.’s (NasdaqGS:HOOD) shares were traded. The stock closed at $70.39 per share indicating that it gained $23.59 or 50.41% during that day which brings the Robinhood Markets, Inc.’s valuation to $58.82B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $85.00. That puts it -17.19% from that peak but still a massive 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%.

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

During the last trading session, Robinhood Markets, Inc. (NasdaqGS:HOOD) has seen decay in its daily volume. The daily volume was of 63M, while in the last 10 days the average was 63.13M and last three months – 63.13M.
The decreasing interest in the HOOD stock from the investors is helping to drive the stock price down.

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