For Robinhood investors wondering if $HOOD has finally bottomed after a near six-month drubbing, Mizuho analyst Dan Dolev listed a number of reasons why he believes “yes, indeed.”
For Robinhood Markets Inc. investors wondering whether the trading app’s stock has finally bottomed after a nearly six-month drubbing, Mizuho analyst Dan Dolev listed a number of reasons that he believes the answer is: “Yes, indeed.”
Helping fuel the reversal, a federal judge threw out a negligence lawsuit over the company’s handling of last year’s “meme stock” frenzy. Dolev also noted that “resurrected accounts,” or reactivated accounts among people who had previously closed them, totaled approximately 200,000 in the fourth quarter to mark the largest gain since Robinhood became a public company.
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