Robinhood Shares Drop Over 10% in Pre-Market Trading After Q3 Earnings Report
Robinhood's shares fell by over 10% in premarket trading on Thursday after the release of its Q3 earnings report. JPMorgan noted that the negative response was expected due to the stock's significant outperformance this year. JMP, a broker, raised its Robinhood price target from $30 to $33. Despite the drop, Robinhood's shares have more than doubled this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lido Finance Publishes V3 Whitepaper, May Launch New ETH Staking Model
SEC Holds Meeting on DeFi, Could Influence Ethereum and Governance Tokens
WinnerMining Promises Daily Crypto Profits Without Equipment
Former PayPal Head Drives Bitcoin Payment Adoption
Trending news
MoreCrypto prices
More
