Jim Cramer on Robinhood: “Let it Calm Down”

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently shed light on. During the lightning round, a caller asked for Cramer’s thoughts on the company, and he said:

“Alright, Robinhood’s had an extraordinary move, and usually when you have these extraordinary moves, you gotta let it kind of calm down a little. So I say let it calm down, but don’t forget, it’s an up-stock.”Jim Cramer on Robinhood: "Let it Calm Down"

Photo by Yiorgos Ntrahas on Unsplash

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade various asset classes, utilize investing tools, and access features such as fractional trading, retirement accounts, and cryptocurrency wallets. The company also provides educational content, newsfeeds, and a marketplace for digital currencies. It is worth noting that on July 21, Cramer commented:

“PARC exhausts me. I’m talking about my handy acronym for Palantir, AppLovin, Robinhood, and Coinbase. These are four of the many stocks that seem to have no quit in them, even if they all pulled back hard into the close today, giving us a rare moment to evaluate them on relative weakness. It’s better for me to talk about these stocks on a down day so you can get a discount if you were so inclined…

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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