Robinhood Set Records on Revenue, Net Deposits, and Gold Subscribers. The Stock Is Still 44% Below Its High.
Robinhood (HOOD -3.61%) reported second-quarter results on Wednesday that set records nearly everywhere you look. Record revenue. Record net deposits. A record number of Gold subscribers, and record trading volumes in both equities and options. The stock slipped about 3% during Wednesday’s regular session, closing at $89.84 before the results arrived, then fell another 3.6%…