Robinhood Markets Inc (HOOD): $94.4
Market Cap: $83.30B
Founded in 2013, Robinhood (HOOD) is a modern financial services platform. The company started as a U.S. retail broker offering commission-free stock trading with no account minimums, which was subsequently adopted by the rest of the industry. Robinhood is probably best known for its involvement in the GameStop and meme stock rally of 2021, where millions of retail investors swarmed to the platform to trade these extremely volatile stocks.
The platform actually faced a great deal of backlash from retail investors after they limited the trading of certain meme stocks in late January 2021, and though those restrictions were eventually removed, the company then faced scrutiny from various regulators. CEO and Co-Founder Vlad Tenev ended up testifying before the U.S. House Financial Services Committee in February 2021. The company was then subject to a number of lawsuits, but eventually went public in late July 2021. To top it all off, the whole saga was featured in the 2023 movie Dumb Money.
Since going public, Robinhood’s stock is up over 171% – but over the last year alone, the stock has rallied by a whopping 327%. What’s fascinating is that throughout it all, as can be seen from X symbols in the stock price chart below, insiders of the company have been selling in droves.