Robinhood Markets stock latest update

Here’s the latest update on Robinhood Markets (HOOD):

## Stock market information for Robinhood Markets Inc (HOOD)

* Robinhood Markets Inc is a equity in the USA market.

* The price is 70.27 USD currently with a change of -4.61 USD (-0.06%) from the previous close.

* The latest open price was 72.0 USD and the intraday volume is 26051512.

* The intraday high is 72.72 USD and the intraday low is 68.6 USD.

* The latest trade time is Monday, June 9, 19:48:48 +0530.

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## 📉 Key News – S&P 500 Snub Sends Shares Lower

* Dropped ~6–7% on June 9 pre-market after S\&P Dow Jones Indices announced no changes to the S&P 500 during its rebalancing, dashing expectations that Robinhood would be added to the index

Reuters reported a 3.2% pre-market dip noting the disappointment after shares had hit their highest since IPO on speculation

* Investopedia and Barron’s expanded on the declines (~7%), tying it to the halted momentum from index-tracker optimism .

It was *the first time since March 2022** that the S&P rebalance had zero additions—making HOOD’s exclusion a standout snub

Analysts had believed Robinhood was a “prime candidate” due to its > $66B market cap (well above the ~$20.5B requirement) and recent share price strength

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## 🧭 What Sparked the Run-Up (Before the Drop)

* Shares nearly doubled this year, climbing from around $37 to a record close near $77.80 just before the news

* Growth was fueled by several positive developments:

Strong Q1 earnings, including net interest revenue growth and trading volume gains, drove a ~35% rally in May

* Platform assets hit a record $250B in May, supporting bullish sentiment

Robinhood expanded its share buyback by $500M, further reinforcing investor confidence

* Speculation about its inclusion in the S&P 500 boosted demand significantly

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## 🚩 Analyst Outlook & Risks

While consensus ratings remain Moderate Buy, the average 12‑month price target of ~$61.95 implies a ~15–20% downside from current levels.

Despite the rally, HOOD still faces scrutiny over its payment-for-order-flow model , regulatory challenges, and macro sensitivity to retail-trading activity.

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## 🔍 What to Watch Next

* Upcoming S&P rebalancing windows could again impact stock performance watch for any new inclusion rumors or confirmations.

* Q2 earnings in late July/August will be crucial, particularly updates on:

* Revenue mix (trading vs. interest income)

* User growth/trading volume (especially in crypto)

* Share buyback execution

Technical setup: After the pre-market dip, look for whether support near $68–70 holds.

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## ✅ Bottom Line

Robinhood has enjoyed a massive rally driven by strong fundamentals and speculation about S&P 500 inclusion. However, its recent 6–7% pullback indicates how closely its stock price is tied to market benchmarks and investor sentiment. While operational metrics remain robust, the next moves will depend on upcoming earnings, share buyback progress, and whether index inclusion remains a possibility.