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0.00291970802919702 0.00316301703163023 -0.00195133819951333 0.000199513381995187 0.0102189781021898 0.00896836982968371 -0.00131386861313874 -0.000729927007299298
Stock impact report

What's Going On With Robinhood Markets Stock On Wednesday? [Yahoo! Finance]

Robinhood Markets, Inc. - Class A (HOOD) 
Company Research Source: Yahoo! Finance
Earlier this month , Robinhood launched tiered margin rates for investors, ranging from 5.7% to 6.75%. These rates enable investors to invest more immediately without needing to deposit money from their bank. Also in May, CEO Vlad Tenev divulged that it targets different age groups with its retirement offerings to expand its reach. Also Read: Robinhood Launches Its First Crypto Staking Offering For Solana But Feature Limited To Europe Analysts expressed their bullishness on the American financial services company, citing better economic conditions with the stock and crypto markets back in bull market territory and the possibility of Fed rate cuts. Analysts flagged Robinhood's launch of competitive products and free cash flow conversation. Robinhood Markets stock gained over 129% in the last 12 months. Investors can gain exposure to the stock via ARK Fintech Innovation ETF (NYSE: ARKF ) and ARK Innovation ETF (NYSE: ARKK Price Action: HOOD shares are trading higher by 2.10 Show less Read more
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