Robinhood Stock Rides Bitcoin To A 44% Gain. But Now It's Time To Sell, Analyst Says.

Robinhood stock was downgraded to sell Thursday. Bitcoin fueled most of HOOD stock's 44% rally this year, which is a risk, an analyst says.

By: Investor's Business Daily

Apr 14 2024
39
3963 Views

Robinhood stock slumped early Thursday after the mobile trading platform was downgraded to sell. The stock has a 44% gain for the year through Wednesday. X Citi downgraded Robinhood shares to sell from neutral, but raised its price target to $16 from... [1927 chars]