Bitcoin Rally and ‘Short Memories' Reignite Everything In Crypto [BNN Bloomberg (Canada)]
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Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: BNN Bloomberg
The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.'s purchase of crypto exchange Bitstamp Ltd. on Thursday, to a resurgence of venture-capital investments to what some analysts are expecting to be record amount of initial public offerings of companies connected to the industry. In the crypto market itself, there's been a notable return of the hallmarks of previous bull markets: Celebrities are once again promoting crypto, and new tokens are being created at a rate of thousands per day, with some 330,000 coins debuting in the Ethereum ecosystem in April and May alone, according to crypto data tracker Dune. Taken all together, it demonstrates that there's nothing like rising prices to make investors forget about past financial carnage — including bankruptcies of crypto exchange FTX and lender Celsius — in a market that's most famous for its scandals and boom-and-bust cycles. “Investors often have short memories,” said Camp
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HOOD
News
- Robinhood upgraded to Outperform at Wolfe on case for strong EPS growth [Seeking Alpha]Seeking Alpha
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (NASDAQ: HOOD) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $29.00 price target on the stock.MarketBeat
- Robinhood Markets, Inc. (HOOD) Just Overtook the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- Robinhood Markets, Inc. (HOOD) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
HOOD
Earnings
- 5/8/24 - Beat
HOOD
Sec Filings
- 6/24/24 - Form 4
- 6/20/24 - Form 144
- 6/6/24 - Form 4
- HOOD's page on the SEC website