Robinhood Shares Drop 5.02% as Options Volatility Surges
Robinhood shares fell during U.S. trading hours as implied volatility surged for the company's stock options.
Robinhood Markets, Inc. (HOOD) shares declined 5.02% to trade at $98.77 during U.S. market hours on Thursday, according to quote data at 18:40 UTC. The stock moved from a previous close of $103.99, touching a day range between $98.59 and $104.41 with a total volume of 11,337,412 shares.
Key facts
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- Current Price: $98.77
- Daily Change: -5.02% (-$5.22)
- Previous Close: $103.99
- Day Range: $98.59 – $104.41
- Volume: 11,337,412
- 52-Week Range: $63.52 – $150.47
Recent market coverage from Yahoo Finance noted that implied volatility is surging for Robinhood stock options. Additional recent headlines surrounding the company include discussions regarding the chief executive officer's stock sale, ongoing evaluations of whether the trending equity is a buy, and recent product expansions with Cboe following an SEC win. Concurrently, Stocktwits reported commentary from AMC Chief Executive Officer Adam Aron regarding stock tokenization ahead of earnings.
The broader 52-week trading range for Robinhood spans from a low of $63.52 to a high of $150.47.
Source: bullishmarketcap.com
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