Why Robinhood Markets Shares Fell Today

Robinhood Markets Inc HOOD shares are trading lower by 6.54% to $9.94 going into the close of Friday's session. Shares of banks and financial services companies are trading lower amid overall market weakness as investors continue to weigh inflation concerns. Negative price action in Morgan Stanley MS following earnings could also be impacting the sector.

What's Going On With Morgan Stanley Friday?

Morgan Stanley reported third-quarter adjusted EPS of $1.53, beating consensus analyst estimates of $1.50. The New York-based bank, under CEO James Gorman, reported quarterly revenue of $12.9 billion, missing consensus estimates of $13.3 billion. Revenue was down 12% from a year ago...Read More

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According to data from Benzinga Pro, Robinhood Markets has a 52-week high of $43.36 and a 52-week low of $6.81.