A 7-Day Losing Streak Has Robinhood Markets Stock Down 11%
Shares of Robinhood Markets (HOOD) have closed lower in each of the last 7 sessions, a cumulative decline of 10.5%. That erased about $11.8 billion from the company’s market value, which now stands at about $99.9 billion. The stock closed at $111.15 on Thursday, October 1, 27.1% below its 52-week high of $152.46 and 70.6% above its low of $65.16.
How The Streak Stacks Up Against The S&P 500
Returns for HOOD and the S&P 500 over the streak and the periods around it, all ending Thursday, October 1 and including dividends:
| Return Period | HOOD | S&P 500 |
|---|---|---|
| 1 Day | -1.2% | 0.2% |
| 7 Days (Current Streak) | -10.5% | -1.2% |
| 1 Month (21 Trading Days) | 7.4% | 0.6% |
| 3 Months (63 Trading Days) | -1.4% | 2.7% |
| Year To Date | -1.7% | 13.0% |
| 1 Year (252 Trading Days) | -22.4% | 16.0% |
How The Streak Compares With The Market
Over the same 7 trading days, the S&P 500 returned -1.2% including dividends, so the slide is mostly Robinhood Markets’ own story rather than the market’s. 7 other S&P 500 stocks are currently on losing streaks of 7 days or longer. Over the past three months the stock is down 1.4%, a window that includes the streak; over the other 56 sessions of that window it was up 10.2%.
What The Numbers Say About The Slide
On the fundamentals, revenue grew 38.3% over the last twelve months, against a median of 10.2% for S&P 500 Financials stocks; its operating margin is 46.0%, versus a median of 26.9%; and the stock trades at 48.2 times trailing earnings against a median of 13.9. The read is mixed: revenue growth above the median and margins above the median on one side, a multiple well above the median on the other.
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Falling Prices Test Conviction. Rules Do Not Flinch
A losing streak forces a choice on every holder: sell into weakness, average down, or freeze. All three are emotional answers to what should be an analytical question, and decisions made that way tend to be expensive ones.
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