US Stock Market Move | Robinhood (HOOD.US) fell more than 13% after its performance, and cryptocurrency concept stocks were collectively under pressure.
As of the time of publication, the stock has fallen more than 13%, reporting $71.12 per share.
On Wednesday, the stock price of Robinhood (HOOD.US) fell, at the time of writing, the stock fell over 13%, to $71.12. The company's first-quarter cryptocurrency revenue fell 47% year-on-year, with overall revenue below expectations. The company's first-quarter earnings per share were 38 cents, with revenue of $1.07 billion, both lower than analysts' expectations of 39 cents and $1.14 billion. Cryptocurrency revenue fell sharply by 47% year-on-year to $134 million. Overall trading revenue also faced pressure. Trading-based revenue in the first quarter was $623 million, a 6% year-on-year increase, but a 20% decrease from the fourth quarter of 2025.
Impacted by Robinhood's financial report, cryptocurrency-related stocks collectively faced pressure, with SoFi Technologies (SOFI.US) falling over 13%, Coinbase (COIN.US) falling over 7.8%, MicroStrategy (MSTR.US) falling over 2.8%, Marathon Holdings (MARA.US) falling over 4.6%, IREN Ltd (IREN.US) falling over 2%, and Circle (CRCL.US) falling over 3%.
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