Robinhood Drops on S&P Snub—Is a Bigger Pullback Coming?
Robinhood Markets TodayHOODRobinhood Markets13.98▼56.17Add to WatchlistShares of Robinhood Markets Inc. NASDAQ: HOOD are down more than 5% after the stock was denied entry into the S&P 500 index. The stock had rallied more than 30% in the month leading up to the decision on hopes (and likely expectations) that HOOD stock would be added to the index as it rebalanced. The options chain for Robinhood showed bullish sentiment with a high conc ...