Robinhood IPO blasting off by 23% Today🚀
MarioRam__Media Market News
Today on AUG.03,2021 Robinhood may have seen a massive buy inflow leading it to have a rocky start this morning. After what seemed to just be a volatile morning for $HOOD with testing its IPO original pricing. The Market was hit with a massive curveball. Robinhood not only surpassed its IPO price but also surged to all-time highs on Tuesday (today). With all this momentum what is next for $HOOD and should you consider adding this Stock to the portfolio.
Robinhood ($HOOD) went public last week Wednesday (July 29, 2021)for $38 per share. This leads the stock to drop as low as $33.25 which made many seek the opportunity but it also helped solidify the thought that Robinhood was still on bad terms with the Retail Investor. This bad IPO launch with the negative press made people certain $HOOD was certain to flop.
All the negativity and bad press for the past few days just made today that much more important for Robinhood point to be made. That being that maybe there is Bullish potential and that there are Bulls in the Market wanting to invest in Robinhood. Bulls have made the argument that Robinhood is still a young company that had much more room to grow. Investors such as Cathie Woods from ARK invest, have so much confidence that like her have purchased large amounts of $HOOD shares. Ark Invest added…