To The Moon

HOOD stock price was in a free fall on Thursday, even after the fintech giant published strong financial results.HOOD shares dropped after the company published strong earnings.The decline was due to the weakness in the stock market.It had formed a double-top and a bearish divergence before earnings.At last check on Thursday, Robinhood shares fell to about $131, down by 8% over the past 24 hours. Its market cap currently hovers at around $117 billion, down from the all-time high of $137 billion.Robinhood stock plunged even after the company published strong financial results. These numbers showed that it continued to grow across all the important metrics.The stock also likely dropped as investors sold after earnings news, since it had been hovering near its all-time high. It is the best-performing company in the S&P 500 Index this year as it jumped by over 240%. It is common for an asset to retreat after good news if market participants have already priced it in.Crypto crash today: Why

Apple and Samsung Electronics will invest in SoftBank Group -owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday.Reuters r