Why Robinhood Stock Surged 192.5% Higher in 2024

Robinhood (NASDAQ: HOOD) has had its fair share of scrutiny, but the company has turned things around recently, and its progress was hard to ignore in 2024. During that year, Robinhood stock jumped 192.5%, according to data from S&P Global Market Intelligence.The company has done a good job diversifying its offerings and attracting more investors to its platform. Here's what investors need to know about its performance and what's next for the fintech.Through November, Robinhood had 24.8 million funded customers, a solid increase of 6% year over year. But what's more impressive is the amount of capital it has attracted to its platform. In just 12 months, Robinhood's assets under custody (AUC), the assets it holds on behalf of customers, ballooned to $194.6 billion, a 106% increase from one year earlier.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool