Robinhood (HOOD) Stock Is Holding Its Position

The HOOD stock price fluctuated between $56 and $59.95 throughout the trading session with the volume trading being 27M shares, which represented a negative variation when compared to the three months average volume of 84M shares.

The share price of Robinhood Markets, Inc. (NasdaqGS:HOOD) ran up 3.31% to close Monday’s market session at $56.83, higher as compared to yesterday’s close which brings the market valuation of the company to $47.49B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $85.00. That puts it -33.14% 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%.

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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 84M, while in the last 10 days the average was 80.43M and last three months – 83.58M.