So, how's Robinhood doing? The trading app that became a household name during the meme stock frenzy gave investors a peek at its March activity late Monday, and the picture is a bit of a mixed bag. The stock, which has had a rough go of it this year, was still moving in after-hours trading as people digested the numbers.
For the period from March 1 through March 27, the company reported equity notional trading volumes of about $196 billion. That's a small uptick from the $194.4 billion it saw in February. Options activity also picked up a bit, with 187 million contracts traded versus 180.3 million the month before.
But here's where it gets less rosy. Crypto trading volumes took a notable dip. The notional value traded in March was approximately $16 billion, which is quite a bit lower than the $25 billion reported for February. On the other hand, trading in what Robinhood calls "event contracts"—those short-term bets on things like stock price moves—inched up to 2.6 billion from 2.4 billion.
Now, let's talk about the stock itself, because that's where the real story has been lately. Shares of Robinhood Markets (HOOD) were down another 0.34% in after-hours trading Monday, hovering around $64.94. That price puts it near a key support level around $65, but more importantly, it continues a painful trend: the stock is down about 42% since the start of the year.
From a technical standpoint, things look pretty depressed. The stock is trading well below its key moving averages—13.3% below its 20-day simple moving average and a hefty 36.8% below its 100-day average. That generally signals the intermediate-term trend is still pointing down, despite any short-lived rallies. The Relative Strength Index (RSI), a momentum gauge, was last at 34.41. That's technically in neutral territory, but it's leaning toward what traders might call "oversold" or "washed-out" conditions, meaning the selling pressure has been significant. If it drops further, it could signal even more weakness, but it might also hint that a bounce could be due if the mood shifts.
In short, Robinhood's core trading business saw modest monthly gains in equities and options, but the cooling in crypto and the stock's own steep decline year-to-date are the headlines investors are watching.










