Robinhood shares fall as S&P 500 inclusion hopes dashed

June 09, 2025 04:47 AM PDT | By EODHD

Google News:

Robinhood shares fall as S&P 500 inclusion hopes dashed — Image source: Kalkine Media

Recent News

SLV ETF inflows surge as silver price rally accelerates

RBI turns neutral after sharp rate cut; ING expects another easing lat...

AB Launches on Binance

Trade war poses greater threat than COVID for emerging market central...

(Reuters) -Shares of Robinhood (HOOD) Markets dipped 4% in premarket trading on Monday, after S&P Dow Jones Indices made no changes to the S&P 500 membership following recent speculation that the online brokerage would be added to the index. S&P Dow Jones Indices announced late on Friday that it will not be making any changes to the components of the benchmark S&P 500 as part of quarterly rebalancing. Robinhood stock rallied in recent weeks, touching its highest level since 2021 market debut on Friday, as investors priced in a possible inclusion in the index. NasdaqGS - Delayed Quote•USD (HOOD) Follow View Quote Details 74.88 - +(3.27%) At close: June 6 at 4:00:01 PM EDT Advanced Chart Bank of America analysts earlier this month touted the company as the "prime candidate" to join the S&P 500. Robinhood's shares were down 5% at $71.2 before the bell, while marketing platform AppLovin, which also rallied last week on bets of inclusion, dropped 5% to $397.

To be included on the index, a company has to be U.S. domiciled, listed on a prominent U.S. exchange and have a market capitalization of $20.5 billion or higher. Robinhood had a market valuation of $66.1 billion as of Friday's close, with shares more than doubling in value this year and trading well above its IPO price of $38 apiece. Crypto-exchange operator Coinbase Global was the latest addition to the S&P 500 last month, making it the first digital asset player to be included in the index.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Shreya Biswas) Sign up for the Yahoo Finance Morning Brief Subscribe By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy View Comments

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.