Robinhood is a financial services startup established in California that has been around since 2013. When retail investors flocked to its trading platform for commission-free trades, the firm shot to prominence. Robinhood rose to prominence as a platform for trading meme stocks like AMC Entertainment Holdings, Inc. and GameStop Corp. In December 2021, Robinhood’s monthly active users climbed by 48 percent to 17.3 million, up from 11.7 million in 2019.
Insider Monkey observed the stocks trending on Robinhood. Alpha Metallurgical Resources, Inc. is a publicly-traded company based in Bristol, Tennessee. It is a mining corporation in Virginia and West Virginia that sells thermal coal. On March 7, the company released its fourth-quarter earnings, which were $2.01 ahead of expectations. The Centers for Disease Control and Prevention awarded Palantir Technologies Inc. a contract worth $5.3 million for a six-month period. According to the analyst, the conflict in Ukraine could lead to early use of intelligence technology by American and international government clients. The revenue of ZIM Integrated Shipping Services Ltd. increased by nearly 155 percent year over year to $3.47 billion. The firm issued a $17.00 per share dividend, which will be paid to shareholders of record on March 23 on April 4. Roblox Corporation is now one of Robinhood’s most popular stocks. With immersive games and collaborative experiences, the firm enables users to navigate the 3D digital world. The mobile gaming and metaverse markets, according to one analyst, have a lot of room for growth. On February 1, Advanced Micro Devices, Inc. released its fourth-quarter results. Over the same period last year, revenue increased by about 49% to $4.83 billion. Semiconductors, artificial intelligence, and graphics cards are the company’s specialties. For more details, click 10 Stocks Trending On Robinhood.
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