Tag: Vlad Tenev

Executives Backstab Robinhood By Selling 100% of Their Stock

executives sell robinhood stock
The Tokenist – Robinhood Stock

Chief Marketing Officer Christina Smedley just sold 100% of her Robinhood stock. Do you know what the responsibilities of a CMO are? To generate revenue by increasing sales through marketing. You don’t sell your entire stock unless you don’t believe in that company anymore.

But that’s not all, there’s a list of executives who sold their stock too. When did all of this happen? All within the first week of Robinhood’s IPO, 8/4 to be exact.

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Welcome to Franknez.com – today’s investing news, Robinhood stock. Things just got interesting.

Lets get started!

Shareholders Sell Robinhood Stock

Robinhood stock tanked on Thursday, 8/5 after several executives filed to sell their stock the previous day. The stock had risen past $70 and traded around $80 after hours.

Robinhood Stock closed at $50.97 per share.

The companies shareholders followed shortly after Vlad Tenev, the CEO of Robinhood had sold approximately 7.2 millions shares on IPO day. The IPO flip made him a whopping $275 million dollars.

Robinhood warned that investors who sold or ‘flipped’ their IPO shares within 30 days would be restricted from participating in future IPO deals, REUTERS. It seems like executives sought there chance while HOOD stock jumped up during its momentum run.

But will Robinhood be able to maintain its momentum after this pump and dump? Let me know in the comment section below.

CFO & CPO Sell HOOD Stock

That’s right, Robinhood’s CFO Jason Warnick sold 25% of his stake in HOOD stock. Jason spent nearly 20 years working for Amazon as VP of Finance and joined Robinhood back in 2018.

And we have Chief Product Officer, Aparna Chennapragada who sold 20% of her stake in the tech company. This ex. Google executive was also a director on the board of Capital One. The primary goal of a CPO is to lead and create products that deliver both value to their customers and business.

I had actually seen this information straight from Andrei Jikh on Instagram stories where he posted a screen shot saying, “Wow, here are Robinhood’s executives selling shares.. This doesn’t inspire confidence.”

If you’re not familiar with Andrei, he creates finance videos on YouTube and has been featured in Graham Stephen videos before as well.

Andrei is a Robinhood user but has not yet invested in Robinhood stock. In a recent video, he mentions he’s happy he did not invest in HOOD stock on IPO day but that he is going to keep an eye on the stock for now and see how it performs.

Analysts Stay Cautious

Some analysts are staying cautious. “We cannot in good faith recommend investors get involved in HOOD on either the long or short side,” Wolfe Research analyst Steve Chubak wrote in a note, initiating coverage on the Robinhood with a hold-equivalent rating and a share price target of $45, via. Aljazeera.

So, is Robinhood stock worth the buy? First, ask yourself if these selloffs are something a confident company would do. Second, do you trust them?

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Read: Why new retail investors should avoid investing with Robinhood


Will Robinhood Stock Be Able To Maintain Its Momentum?

Robinhood Stock
Robinhood Stock Price

Robinhood stock, ticker symbol HOOD closed at $70.39 today. The stock has is dropping after hours. Today’s momentum reached 172 million in volume. Will HOOD stock be able to keep the momentum going?

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Welcome to Franknez.com – today I want to discuss Robinhood stock news. Robinhood has been all over the place with the media. For the most part, it’s been negative. So, lets talk about it.

Robinhood Stock Surges Past IPO Price

Robinhood went public on Thursday, July 29th on the Nasdaq under ticker symbol HOOD. The stock’s IPO price was $38 but fell 8% it’s first day due to a massive selloff from IPO shares by none other than Robinhood’s own CEO, Vlad Tenev.

Cathie Wood, CEO of Ark Invest took advantage of the dip and bought 1.3 million shares of Robinhood Stock. Ark Invest has refrained from commenting.

Robinhood is currently one of Fidelity’s “top traded stock” which has sparked a small chain reaction of investor interest. It’s no surprise the general public, who is unaware of Robinhood’s and Citadel’s malpractice in the market, have hopped on the Robinhood stock train.

Contrary to what mainstream finance platforms are saying, Robinhood stock has not been a top mention on Reddit’s WallStreetBets. This deceit has me thinking whether the media is trying to redirect retail investors to buy Robinhood stock.

A diversion if you ask me.

22 Million Users And Falling

The mainstream media fails to recognize that a massive community of retail investors is ditching the Robinhood app and using alternatives such as Vanguard and Fidelity.

Investors are also moving to exchanges such as Kraken for their cryptocurrency. Will ignoring these two factors prove to be a good idea for investors buying Robinhood stock? We’ll find that out with time.

Will Robinhood Stock Keep Going Up?

Atlantic Equities gave Robinhood an overweight rating and a $65 per share price target within it’s first 12 months, ahead of its IPO. Investors are betting on the idea that Robinhood’s referral program will pave the way for future growth.

But will it be enough? Big YouTubers in the finance niche have even stopped sharing their Robinhood referral links to their mass audience.

While large institutions and investors might be able to support their billionaire friend, retail investors have a different sentiment.

Retail Investor Sentiment

Reddit stocks are stocks the Reddit community loves. Go to r/wallstreetbets there is very little to no talks about HOOD stock. The little there is isn’t positive at all.

Retail investors don’t trust the company anymore and for that reason, Robinhood is NOT a Reddit stock.

Robinhood will grow if new retail investors flock towards the app again and if they invest in the stock. However, retail investors are warning new retail investors about the GameStop and AMC manipulation.

With several 100/100 short squeeze scores, AMC’s short squeeze has been prolonged through numerous naked shorting tactics behind dark pool data.

So, although Robinhood has a rather great app interface, the new generation of retail investors ties them too closely to Citadel Securities; the hedge fund who tried to bankrupt AMC and GameStop.

Let me know what you think

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Are you investing in HOOD stock? Where do you think Robinhood is headed? What would make you trust in Robinhood again?

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