Shares of Robinhood Markets Inc.
slumped 2.8% towards a seventh-straight loss, and sixth-straight document low in afternoon buying and selling Tuesday, amid a selloff in some key meme shares. The commission-free buying and selling platform’s inventory has tumbled 23.1% throughout its present shedding streak, which places the inventory 28.8% under its $38 IPO worth. The inventory is ready to shut under its IPO worth for the twentieth straight buying and selling session, and the twenty third time within the 83 classes since Robinhood went public on July 29. Amid the inventory’s weak spot on Tuesday, shares of GameStop Inc.
tumbled 13.1% in afternoon buying and selling, after working up 12.9% on Monday and surging 19.5% amid a four-day win streak by way of Monday. Additionally, AMC Leisure Holdings Inc.’s
inventory shed 5.5%. In the meantime, the S&P 500
was little modified and the Nasdaq Composite
was dropping 0.9%.

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