the staff of the Ridgewood blog
Ridgewood NJ, online brokerage Robinhood has been one of the big financial stories of 2021, with its starring role in a fable called “waves of day traders made life uncomfortable for Wall Street shorts”, yea right. On Thursday though, it was time for the trading platform to feel the squeeze. Its shares ,under ticker HOOD dropped below its initial public offering price in its trading debut, arguably an embarrassment for a company that’s become synonymous with the rise of individual investors. Robinhood slid as much as 12% before climbing back closer to, but still below the IPO price in its $2.1 billion offering.