Robinhood Shares Drop Over 10% in Pre-Market Trading After Q3 Earnings Report

10/31 11:55

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Robinhood's shares fell by over 10% in premarket trading on Thursday after the release of its Q3 earnings report. JPMorgan noted that the negative response was expected due to the stock's significant outperformance this year. JMP, a broker, raised its Robinhood price target from $30 to $33. Despite the drop, Robinhood's shares have more than doubled this year.

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