Why Is Robinhood Markets (HOOD) Stock Down Today? 

Magnifying glass on Robinhood phone and crypto coins with UK flag background.

The post Why Is Robinhood Markets (HOOD) Stock Down Today?  appeared first on Coinpedia Fintech News

Robinhood Markets (NASDAQ: HOOD) stock fell around 7% in premarket trading on October 28 after its third-quarter earnings report raised concerns about revenue growth and profitability. Despite record quarterly revenue, weaker cryptocurrency trading income and lower-than-expected GAAP earnings weighed on investor sentiment. Management’s comments about tighter trading spreads also raised questions about the company’s near-term …

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