It has been a tough few weeks for Robinhood Markets Inc.’s inventory.
Shares of the retail-trading platform have tumbled recently and reached an all-time intraday low this week. Robinhood’s inventory has been buying and selling for greater than 4 weeks under its preliminary public providing worth of $38 a share. It closed Thursday at $21.91, a 42% decline from its IPO worth and a 74% drop from its intraday excessive of $85 reached earlier this 12 months.
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