4 Things You Need to Know Before You Buy Robinhood Shares
Financial services company Robinhood Markets (NASDAQ: HOOD) has become one of Wall Street's better-known stock brokerages. It built a reputation on innovation as the first brokerage to offer commission-free trading. During the 2020-2021 meme stock craze, it gained notoriety when technical malfunctions disrupted trading for its account holders.
Although the stock trades at about 50% below its 2021 peak, its price has risen by more than 70% in the past year alone.
Investors who believe Robinhood will continue to carve out an increasingly larger share of the retail investment industry have a buying opportunity. But before you buy shares, consider these four observations that could impact your investment thesis.
Source Fool.com
