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Sunday, September 19, 2021
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The Memes: ‘HOOD’ Reviews are In

#meme#stocks

$HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) exiting its quiet period Monday is is being closely watched.

Before markets opened, at least 10 brokerages had issued initial ratings for the investment app maker, joining 3 others that had stated out positions.

A review of the share price action since the company’s 29 July IPO may be instructive.

The stock added more than $2 early on the IPO date but closed down almost 8.4% after setting what is still its post-IPO low.

Then 4 days later, the stock posted its post-IPO high. The next day, the shares dropped by 27.6%, and after bouncing around in a range of around plus or minus 6, the stock closed at 42.64 Friday, up 12.2% from the IPO price. And is currently tradin at 45/share + 5.44% on the day.

Of the 13 ratings so far, only 1 rating is Underperform, 5 are the equivalent of Hold and 8 including us rate the stock as a Buy. There are no Strong Buy ratings yet.

Our 1yr target price is 57-60/share/

Have a prosperous weekend, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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