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Robinhood (HOOD) Stock Drops Over 8% Amid Declining Trading Volumes

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Robinhood (HOOD) stock fell over 8% on Thursday after the platform reported a sharp drop in trading volume for stocks, options, and crypto. Total assets on the platform declined 5% to $325 billion, while funded users dropped, partly due to the removal of 280,000 low-balance accounts. On-chain data showed weaker activity across key markets. Cantor Fitzgerald cut its price target to $152 from $155 but kept an 'Overweight' rating. The stock is still up more than 200% year-to-date.
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