Robinhood Rises on Crypto Wallet Introduction

The HOOD stock price fluctuated between $40.31 and $41.25 throughout the trading session with the volume trading being 4M shares, which represented a negative variation when compared to the three months average volume of 18M shares.

The share price of Robinhood Markets, Inc. (NasdaqGS:HOOD) dipped -0.93% to close Monday’s market session at $40.65, lower as compared to yesterday’s close which brings the market valuation of the company to $34.77B.

The 52-week high for the Robinhood Markets, Inc.’s shares is $85.00. That puts it -52.18% 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 33.1%.

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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 growth in its daily volume. The daily volume was of 18M, while in the last 10 days the average was 3.63M and last three months – 17.69M.

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