What's Going On With Robinhood Stock Thursday?

Robinhood Markets Inc (NASDAQ: HOOD) shares fell 3.24% to $67.84 on Thursday, influenced by a broader market decline and a price target reduction by Needham analyst John Todaro from $100 to $90, while maintaining a Buy rating. The company reported mixed trading metrics for March, with equity notional trading volume increasing to $196 billion but a decline in crypto activity, down to $16 billion from $25 billion. Currently, the stock is trading 8% below its 20-day simple moving average and 32.9% below its 100-day SMA, reflecting significant volatility.