Following its debut on the NASDAQ exchange, Robinhood (NASDAQ:HOOD) might just be “the first meta-meme stock.” But that by-itself doesn’t make buying shares in the brokerage app a strong opportunity. As I recently broke it down, there are many reasons why chasing the stock after its IPO isn’t the best move.
Traders who flipped it shortly after its debut may have seen some quick gains. Yet that may not be the case for traders who get in now. Between a rich valuation, concerns it’ll fail to supplant “old school” brokers, and its dependence....More>>>