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Benzinga
Benzinga
Business
Henry Khederian

Why Robinhood Markets Shares Are Falling

Robinhood Markets Nasdaq Robinhood Markets, Inc.

Shares of several banks and financial services companies, including Robinhood Markets Inc (NASDAQ:HOOD), are trading lower on continued volatility following Wednesday's Fed decision.

The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1… Read More

See Also: Why DoorDash Shares Are Rising Today

Robinhood Markets is creating a modern financial services platform.

According to data from Benzinga Pro, Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $9.00.

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