New York, February 4, 2026, 17:32 (EST) — After-hours trading
Shares of Robinhood Markets (HOOD.O) dropped 7.4% to $80.62 in after-hours trading Wednesday, after fluctuating between $77.64 and $87.29 earlier in the session. More than 62 million shares changed hands.
This move is significant since Robinhood’s stock often magnifies changes in risk appetite, with crypto largely driving those swings. When token prices plunge sharply, trading slows down — and that directly hits the broker’s transaction-based revenue.
Bitcoin slipped 3.8% to roughly $73,019, dragging crypto-related stocks lower. Coinbase dropped 6.2%.
The broader market offered little support. U.S. stocks closed unevenly, with the Nasdaq dropping 1.5% and the S&P 500 slipping 0.5% as investors pulled back from major growth stocks. (Reuters)
Crypto’s plunge has been sharp enough to push traders out of leveraged positions. Bitcoin investors dumped $2.56 billion in recent days, according to CoinGlass data cited by Reuters. “What we’ve seen the last few months is probably people taking a step back while they have to reassess their risk frameworks,” said Adam McCarthy, senior research analyst at Kaiko. (Reuters)
Another filing revealed a smaller but notable detail for traders. Robinhood Chief Brokerage Officer Steven M. Quirk disclosed the vesting and settlement of 43,403 restricted stock units — RSUs, a type of stock-based compensation — with 17,795 shares held back to cover taxes, according to the filing. (SEC)
Piper Sandler kept its “Overweight” rating on Robinhood earlier this week, along with a $155 price target. The firm pointed to weaker crypto trading volumes and uncertainty over retail trading momentum as key concerns. It also highlighted Robinhood’s high “beta,” meaning the stock tends to experience bigger swings than the overall market, which can intensify both gains and losses. (Investing)
Volatility swings both directions. If crypto prices remain unstable and customer trading declines, the upcoming results will leave less margin for error—particularly around transaction revenue and guidance.
Robinhood is gearing up to release its fourth-quarter earnings on February 10, right after the market shuts. A video call is planned for 5 p.m. ET that day. The company opened its Q&A platform for shareholders on February 3, and questions will be accepted until February 9. (Investingnews)
