Robinhood stock slips in premarket after December trading snapshot; Barclays flags crypto softness
Robinhood shares fell about 0.6% premarket Wednesday after the company reported $170 billion in equity trading and $19 billion in crypto volume from Dec. 1-28. The stock closed at $115.45 Tuesday and was last indicated around $114.80. Needham cut its price target to $135. Barclays said weaker crypto trading may weigh on Q4 revenue, partly offset by strong options and Bitstamp activity.