Robinhood Hits New High — Up 134% in Six Months, But Momentum May Be Fading
TradingKey – Robinhood (HOOD) surged nearly 5% intraday on Tuesday, reaching a new all-time high of $99, before reversing course and slipping 1.39% to around $92 at the time of writing.
Robinhood Stock Price Chart – Source: TradingView.
The pullback follows a 13% rally on Monday, sparked by the company’s announcement that it will launch tokenized U.S. stock trading for 150,000 European users. The offering includes over 200 tokenized equities and ETFs, with plans to expand to thousands by year-end.
Over the past six months, Robinhood’s stock has climbed an impressive 134%, driven by its aggressive expansion into crypto infrastructure and tokenized finance. However, the sharp intraday reversal suggests bullish momentum may be waning, and investors should be cautious of a potential short-term correction.
For insights into institutional positioning or whether major funds are trimming their HOOD holdings, check out the latest updates under “Star Investors.”
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