Robinhood (HOOD) Stock Plummets Over 6% in Mid-Day Trading on NASDAQ
NEW YORK — Shares of Robinhood Markets Inc (NASDAQ: HOOD) experienced a sharp decline during mid-day trading on April 10th. The popular trading platform’s stock saw significant downward pressure, erasing earlier gains and falling well below its previous closing price.
As of 11:56 AM UTC-4, HOOD stock was trading at 2.76 for the day. The stock’s performance contrasts sharply with its previous close of $42.21.
The intraday chart reveals a volatile session for Robinhood shares. After reaching a peak near the $42 mark earlier in the trading day, the stock reversed course, entering a pronounced downtrend through the late morning hours. The current price hovers near the session lows observed around 11:56 AM.
Market participants are closely monitoring the activity surrounding Robinhood (HOOD) on the NASDAQ exchange following this significant percentage decrease. The downward momentum marks a notable move for the stock during today’s trading session.
