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UPDATE: Robinhood (HOOD) Investor May Raise Stake

June 27, 2022 10:06 AM EDT
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Price: $10.93 +4.00%

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(Updated - June 27, 2022 10:06 AM EDT)

Gordon Haskett analysts report Sam Bankman-Fried, founder of Crypto exchange FTX, may likely seek to boost his stake in Robinhood (NASDAQ: HOOD) to 9.9% (from 7.6% currently).

The analysts wonder why wouldn't Sam buy all of Robinhood? They admit they have been wondering this for six weeks and they will be paying closer attention to any further Robinhood stakes being taken.



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