Robinhood stock slips after CEO’s sale filing; HOOD in focus ahead of Feb. 10 earnings
Robinhood shares fell 2.1% to $119.14 midday after a filing showed CEO Vladimir Tenev plans to sell up to 375,000 shares worth about $43.2 million. The drop tracked weakness in brokerage and crypto stocks as bitcoin slipped. Goldman Sachs lowered its price target to $161. Robinhood will report fourth-quarter results on Feb. 10.