Robinhood Markets Stock (HOOD) Sinks 9% as Trading Volumes Decline
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Robinhood Markets (HOOD) stock fell 9% on Dec. 11 due to a sharp drop in November trading volumes. Equity trading volumes decreased 37%, options 28%, and cryptocurrency 12%. Assets under custody dropped 5% to $325 billion. Despite this, net deposits rose to $7.1 billion, up 27% from October. Robinhood's predictions market grew significantly, with event contracts up 20% from October. Analysts maintain a Moderate Buy rating for HOOD stock, with a price target implying a 22.57% upside.
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