Robinhood Markets Inc (NASDAQ:HOOD) stock is down 6.5% to trade at $69.95 today, after S&P Dow Jones Indices announced no new inclusions to the benchmark S&P 500 Index (SPX).
Investors were left disappointed after the S&P Dow Jones Indices said Friday the S&P 500 would remain unchanged.
AppLovin and Interactive Brokers are among the largest companies by market cap that still aren't in the benchmark index.
Robinhood Markets, Inc. (NASDAQ:HOOD ) Piper Sandler Global Exchange & Trading Conference Call June 5, 2025 10:00 AM ET Company Participants Steven M. Quirk - Chief Brokerage Officer Conference Call Participants Patrick Malcolm Moley - Piper Sandler & Co., Research Division Patrick Malcolm Moley Welcome back to the 2025 Global Exchange and Trading Conference.
HOOD may soon join the S&P 500, riding a 94% rally and strong profits that spotlight retail investors' growing clout.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) remained the most heavily bought stock on Robinhood's UK platform in May, as a wave of investor interest in artificial intelligence and cryptocurrency continued to shape retail trading patterns. The US chipmaker, whose processors power many AI systems, kept its lead position following a strong set of quarterly results and news of a $40 billion deal with Oracle.
Shares of Robinhood Markets Inc. NASDAQ: HOOD have been one of the most exciting stories in the financial sector, as the company that has single-handedly done the most to democratize markets and information to everyday retail investors. This mission has earned the brand popularity and adoption over the years.
HOOD stock hits an all-time high after Bitstamp deal closure. The buyout along with unveiling the latest crypto, trading and banking features will drive growth.
HOOD's shares touch a new 52-week high yesterday as crypto growth, product expansion and buybacks fuel momentum despite regulatory risks.
Bitstamp gives Robinhood over 50 global crypto licenses, a ready-made institutional client base, and new infrastructure for lending, staking, and crypto-as-a-service. Robinhood plans to keep Bitstamp's operations intact for now, using the exchange for smart order routing and expanding its presence across Europe, the UK, and Asia.
Robinhood Markets (HOOD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Robinhood's transformation into a $50B fintech leader is driven by rapid product expansion, strong revenue growth, and a resilient founding CEO. Strategic moves into banking, wealth management (Strategies & Cortex), and crypto (WonderFi acquisition) position Robinhood as the Schwab for millennials. Competition from Webull and eToro, plus rapid product expansion, are key risks, but Robinhood's product innovation remains a core strength.