Robinhood slides 22%; early investors file to sell 98 million shares By Reuters
(Reuters) -Shares of Robinhood Markets Inc (NASDAQ:HOOD) fell on Thursday and were on track to snap a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s shares were last down 22.5% at $54.52 a day after they jumped more than 50%. The company went public on July 29 at $38, with its shares initially falling below the public offering price before galloping higher. In a regulatory filing https://sec.report/Document/0001628280-21-015656 submitted Thursday the company registered for the sale of up to 97.9 million of shares...
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