Robinhood Markets (NASDAQ: HOOD) saw shares drop over 9% following a disappointing operational update. November trading metrics showed a 37% decrease in equity trading volumes, totaling $201.5 billion. Options contracts traded also declined by 28% month-over-month. Crypto trading volume fell by 12% in November, totaling $28.6 billion. Despite recent acquisitions in Indonesia, double-digit declines in metrics raise concerns for the brokerage’s future performance.
Investors may want to consider other options, as Robinhood Markets didn’t make the Motley Fool’s list of the 10 best stocks to buy now. The Motley Fool Stock Advisor team has seen a total average return of 971%, outperforming the S&P 500’s 195%. Monitoring Robinhood’s monthly metrics closely is advisable for shareholders.
Read more at Nasdaq.: Why Robinhood Stock Got Slammed Today
