Shares of financial services company Robinhood experienced a 14% decline, marking their worst week since August. The drop came as investors withdrew from the surge that followed President Trump's election. The stock had seen a remarkable 162% surge in its price from November 5 through the end of last week after reporting exceptional fourth-quarter earnings. However, analysts noted that much of the company's earnings growth potential was already reflected in the stock's valuation, leading to a downgrade. Despite this, some analysts remain optimistic, citing tailwinds from digital assets and a growing user base. Robinhood also announced plans to introduce cryptocurrency trading products in Singapore through its subsidiary Bitstamp, pending regulatory approval.
Content Editor ( cryptopolitan.com )
- 2025-02-21
Robinhood stock plunges 14% in worst week since August as crypto surge fades
