Movement Alert｜Robinhood Intraday Rise 3.04% in Regular Trading, Shares Rebound as Post-Earnings Selloff Eases

Market Focus11-05

On November 5, Robinhood rose 3.04% in Regular Trading, trading at $88.23/share, with turnover of $1.071 billion.

The move appears tied to a technical rebound after recent post-earnings weakness, as the market continued digesting the company’s latest quarterly results and analyst target-price revisions.

Robinhood’s third-quarter revenue reached a record $1.424 billion and adjusted EPS was $0.60, slightly ahead of expectations, but net income fell 14% year over year to $476 million. Crypto trading revenue dropped 55% to $120 million, net funded accounts came in at 28.7 million versus 28.9 million expected, and several firms lowered price targets, including cuts to $135 and $80. A prior overnight decline of 3.01% highlighted the pressure, while the latest rise suggests that near-term selling momentum has moderated rather than that a new fundamental catalyst has emerged.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment