3 Things You Need to Know if You Buy Robinhood Today
Robinhood Markets (NASDAQ: HOOD) has taken investors on quite a roller coaster ride since it went public in late July 2021. The past year has been kind to investors, with the popular online brokerage's stock surging 137% higher. That stock price growth is likely because the company has done a good job of diversifying its offerings and attracting more customers and money to its platform. It also recently posted its best quarterly net profit since going public.
That kind of positive news has some investors considering the stock. Given its recent surge and the company's improving bottom line, you might be as well. Before any final decision is made, there are at least three things to take into account as you develop your investment thesis on Robinhood.
Robinhood set out to make investing more accessible and affordable to retail investors and has been an innovator in the industry. The company made waves when it introduced zero-commission trading. On top of that, it also made it easy for customers to invest in any company, no matter the stock price, by permitting trades in fractional shares. It also ushered in 24-hour trading opportunities across hundreds of stocks.
Source Fool.com
