If You'd Invested $1,000 in Robinhood (HOOD) Stock 3 Years Ago, Here's How Much You'd Have Today

Robinhood (NASDAQ: HOOD) stock has been on a huge winning streak as users of and engagement with its trading platform have continued to grow at impressive rates. Run-ups for valuations across the cryptocurrency market have also helped power big gains for the stock.Image source: Getty Images.The company had its initial public offering (IPO) in July 2021 and saw some tough trading shortly after its public debut as a result of macroeconomic headwinds and investors shifting away from growth stocks. Market dynamics have since become far more favorable for growth stocks, and Robinhood's share price is up roughly 208% year to date across this year's trading as of this writing on Aug. 10. Gains would have been even more explosive if you bought the stock three years ago and held on to your position. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool