Robinhood (HOOD) Stock Drops -27.59% After a Massive Gain

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The HOOD stock price fluctuated between $50.46 and $66.5 throughout the trading session with the volume trading being 79M shares, which represented a negative variation when compared to the three months average volume of 86M shares.

The share price of Robinhood Markets, Inc. (NasdaqGS:HOOD) dipped -27.59% to close Thursday’s market session at $50.97, lower as compared to yesterday’s close which brings the market valuation of the company to $42.59B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $85.00. That puts it -40.04% from that peak but still a good 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 33.2%.

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 86M, while in the last 10 days the average was 86.27M and last three months – 86.27M.

The decreasing interest in the HOOD stock from the investors is helping to drive the stock price down.