THEY TOOK HER DOWN TO $30 IN APRIL.
THEY TOOK HER DOWN TO $45 AGAIN AFTER A MONSTER Q1.
They cannot hold her down today.
$HOOD +10%
Why is Robinhood moving?
- high beta against the market $SPX and $BTC, if both those take a big pullback then Robinhood can as well but both are recovering strongly from the April lows
- highest amount of equity/option volumes in April (when the market fell) so now the market must be thinking that May could surpass April volumes as we are recovering
- $NVDA & $PLTR are two of the top 10 assets on the platform, both are having HUGE days creating tons of trading volumes (people buying more, selling, hedging, etc.) so Robinhood actually benefits from companies like Nvidia and Palantir having big swings because of how heavily they are owned on the platform. Retail enjoys owning their shares on a platform that cares about the user experience.
- Also, they bought an entire crypto exchange in Canada.
LFG.
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