Avoid Robinhood Stock for 3 Reasons
August 20, 2021 at 11:58 AM EDT
Shares of Robinhood have rallied 43% higher since its historic IPO last month. That doesn't mean you should buy in now. In fact, there are three major reasons to avoid Robinhood stock now... Out the gate, the stock experienced whiplash, closing its first day just below $35. Since then, it has surged 50% one day only to tumble over 25% the next. It begs the questions: will traders embrace the platform's stock as more of a meme stock like shares of AMC and GameStop? Read more... Tags: Stocks to Buy The post Avoid Robinhood Stock for 3 Reasons appeared first on Money Morning - We Make Investing Profitable .
