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Robinhood's stock ($HOOD) has been making significant moves, with a 4% increase overnight and hitting new 52-week highs. The company's expansion into the crypto space, highlighted by the acquisition of Bitstamp, has been noted. Bitcoin's impact on $HOOD's performance is discussed, with the stock showing resilience during Bitcoin's decline. Q2 earnings are anticipated.
$HOOD new 52wk highs https://t.co/JUJwrs5iy4 https://t.co/dGQbRI5qYd
$HOOD new 52 week high Bitcoin is helping, but when $BTC fell 20% last week, $HOOD declined 5%. The downside of Bitcoin has less of an impact on Robinhood because it’s diversified into equities and net interest revenues, but the upside of Bitcoin is…very high. Q2 earnings are…
I've been really impressed with all the news surrounding $HOOD lately The company has been executing. Their recent acq of Bitstamp went under the radar but is a huge move into the crypto space Check our latest article on @TheStreet @WOLF_Financial https://t.co/RlQOVF80RK