- Robinhood (HOOD) stock is among the 10 worst performers in the S&P 500 this year, down nearly 33%.
- The company’s crypto transaction revenue fell 38% in Q4, missing financial forecasts as trading activity and prices declined.
- Bitcoin’s price decline of around 25% year-to-date is less severe than the drop in HOOD’s share price.
Robinhood Markets Inc. (HOOD) finds itself in a precarious position as one of the S&P 500’s ten worst performers in 2026, with its stock price plunging nearly 33% year-to-date. The trading platform’s shares fell over 3.3% in pre-market trading on Monday, March 2, amid broader market weakness following geopolitical tensions.
This steep decline ranks HOOD seventh among the index’s biggest losers, data shows, trailing only firms like Intuit and Workday. Consequently, retail sentiment on platforms like Stocktwits remained firmly in ‘bearish’ territory for the stock.
The primary pressure stems from a volatile cryptocurrency market and a significant drop in crypto-related revenue. Consequently, Robinhood reported a 38% year-over-year decline in crypto transaction revenue to $221 million for the fourth quarter.
Overall quarterly revenue of $1.28 billion and earnings per share of $0.66 both missed analyst expectations. Meanwhile, Bitcoin‘s price has fallen a comparatively modest 25% this year, trading around $66,400 on Monday.
Aurelie Barthere, Principal Research Analyst at Nansen, warned that “a deeper selloff in U.S. tech stocks could push Bitcoin below $60,000.” However, retail sentiment for BTC itself remained ‘bullish’ on trading social networks.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
