Robinhood and AppLovin Stocks Fall. They Missed Out on Joining the S&P 500. - Barron's
1. Robinhood shares fell 6.8% after S&P 500 index remained unchanged. 2. Analysts speculated Robinhood could join S&P 500, boosting its stock recently. 3. Index inclusion can temporarily elevate stock prices due to institutional buying. 4. Robinhood requires a market value above $20.5 billion for index eligibility. 5. Previous speculation caused Robinhood's stock to surge 13% last week.