From Barchart: 2025-01-17 14:48:00

Shares of Robinhood (NASDAQ:HOOD) surged 6.7% after Morgan Stanley named it a “Top Pick.” The stock cooled down to $48.36, still up 5% from previous close. Robinhood’s volatile nature is evident with 36 moves greater than 5% in the past year. Market optimism in crypto improved as Bitcoin rebounded and surpassed $96,000. Robinhood is up 22.5% year-to-date, setting a new 52-week high at $48.36. Investors who bought $1,000 worth of Robinhood shares at IPO would now have $1,387. Thematic investing potential is recognized, with a focus on growth stocks benefiting from AI.



Read more at Barchart: Why Robinhood (HOOD) Stock Is Trading Up Today