Why Robinhood Stock Was Scorching Hot Last Month

June is a sluggish month for some, but it sure was active for next-generation brokerage Robinhood Markets (NASDAQ: HOOD). The company launched a set of new features on its platform, closed an acquisition, and published monthly operating metrics that pleased the market. That might be an understatement; the stock rose by over 41% in value across June.Not every development was a boon for Robinhood, however. Speculation was rife that the company's stock would be added to the benchmark S&P 500 index as part of the gauge's quarterly rebalancing. Those hopes were dashed, however, when S&P Dow Jones Indices announced that it would leave the index unchanged. Investors sold out of Robinhood on the news.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool