Robinhood had a fantastic runup over the past year or so, but just this past week has nosedived off a cliff.
What's interesting is analysts kept bumping their price targets and their quarterly reports have been fantastic. Additionally, the SEC just dropped their case against Robinhood like yesterday which I would think is another tailwind.
My understanding is that 600mm worth of stock was seized from the now bankrupt FTX and sold, causing the drop. However, fundamentals haven't changed.
I've got a few thousand in $hood and am wondering if anyone thinks this 25%+ drop last week was WAY overdone and there's a really good buy opportunity now. Just looking for other opinions!