If You Invested $10,000 in Robinhood in 2021, This Is How Much You Would Have Today
Robinhood Markets (NASDAQ: HOOD), the online brokerage that popularized commission-free stock and crypto trades, went public at $38 per share on July 29, 2021. Its shares opened at its IPO price, closed at $34.82 on the first day, and eventually soared to an all-time high of $85 on Aug. 4.
Robinhood's stock trades at about $8 today. Therefore, a $10,000 investment in its IPO would have blossomed to more than $22,300 last August -- before shrinking to just over $2,000. Let's review this volatile fintech stock's rise, fall, and possible future to see if it's still worth buying.
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Source Fool.com
