Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher Tuesday after rising nearly 4% on Monday. The stock is up more than 16% over the last month and nearly 38% year-to-date.
What To Know: Robinhood shares closed Monday up 3.89% at $11.21 after JMP Securities analyst Devin Ryan reiterated Robinhood with a Market Outperform and maintained a $25 price target. The stock traded higher on above-average volume.
Robinhood appears to be seeing increased retail investor attention. It was among the most mentioned stocks on Reddit’s r/wallstreetbets over the last 24 hours and mentions have accelerated over the last 12 hours. Robinhood was also among the top trending tickers on Stocktwits at last check.
Last week, Robinhood announced that it will report second-quarter financial results after the market close on Aug. 2. The company is expected to report a loss of 1 cent per share on quarterly revenue of $470.28 million, according to Benzinga Pro. Robinhood has beat earnings expectations in three of the last four quarters.
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HOOD Price Action: 3.03% at $11.55 at the time of publication, according to Benzinga Pro.
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