Strategy Misses Out Again! Robinhood Shocks S&P 500 Inclusion, Shares Surge Over 15%
Source Tradingkey
TradingKey – Robinhood Added to the S&P 500, Stock Nears All-Time High.
On Monday, Robinhood (HOOD) shares gapped up at the open and rallied 15.83%, breaking above $117 and closing in on the record high set on August 25.
Robinhood stock price chart; Source: TradingView
Last Friday, S&P Dow Jones Indices announced that Robinhood will officially join the S&P 500 on September 22. Prior additions include Coinbase (COIN) and Block (XYZ).
This means that Strategy (MSTR) has once again been passed over for inclusion in the S&P 500. In response, MicroStrategy CEO Michael Saylor told CNBC today, “I’m confident we’ll be added to the S&P 500. Bitcoin is a whole new concept, and inclusion is definitely going to happen.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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