What's Going On With Robinhood Stock Today?

Author: Erica Kollmann | September 09, 2024 05:12pm

Robinhood Markets, Inc. (NASDAQ:HOOD) shares climbed 3.8% in regular trading Monday, but are down slightly in the after-hours session. Here's a look at what's going on. 

What To Know: Robinhood reported select monthly operating data for August 2024 after Monday's closing bell. 

• Robinhood reported 24.3 million Funded Customers at the end of August, up approximately 60,000 from July 2024 and up over one million year-over-year.
• Assets Under Custody (AUC) at the end of August were $143.6 billion, down 1% from July 2024 and up 60% year-over-year. 
• Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate relative to July 2024 AUC. Over the past 12 months, Net Deposits were $37.5 billion, translating to an annual growth rate of 42% relative to August 2023 AUC.
• Equity Notional Trading Volumes were $96.2 billion, down 8% from July 2024 and up 61% year-over-year. Options Contracts Traded were 146.9 million, down 8% from July 2024 and up 37% year-over-year. 
• Crypto Notional Trading Volumes were $5.4 billion, up 2% from July 2024 and up 145% year-over-year.

Read Next: What’s Going On With GameStop Stock Ahead Of Earnings?

Robinhood is set to present at the Goldman Sachs Communacopia + Technology Conference on Tuesday. According to data from Benzinga Pro, Robinhood shares are trading slightly below the stock’s 50-day moving average of $24.88. 

HOOD Price Action: According to Benzinga Pro, Robinhood Markets shares are down 0.51% after-hours at $19.56 after gaining 3.80% in regular trading Monday.

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Posted In: HOOD