Robinhood Markets $HOOD ( ▲ 4.52% ) is under pressure today after reporting a sharp slowdown in trading activity across equities, options, and crypto during November. As markets cooled, so did user engagement: equity notional volumes fell 37 percent from October, options contracts traded dropped 28 percent, and crypto notional volumes slid double digits.
The lone bright spot was prediction markets, which remain in hypergrowth with 3 billion contracts traded, up 20 percent month over month. Cantor Fitzgerald’s Brett Knoblauch trimmed his price target on the stock to 152 dollars from 155 dollars, noting that the pullback in activity was largely expected.