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Robinhood's stock heads for 7th straight loss, yet another record low

·1 min read
Robinhood's stock heads for 7th straight loss, yet another record low
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  • HOOD

Shares of Robinhood Markets Inc. slumped 3.5% toward a seventh-straight loss, and sixth-straight record low in afternoon trading Tuesday, amid a selloff in some key meme stocks. The commission-free trading platform's stock has tumbled 23.5% during its current losing streak, which puts the stock TK% below its $38 IPO price. The stock is set to close below its IPO price for the 20th straight trading session, and the 23rd time in the 83 sessions since Robinhood went public on July 29. Amid stock's