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Robinhood's stock price stopped falling and started to rise, after some executives were revealed to have engaged in insider stock trading.
Odaily News In the early trading session on Monday, US stocks saw the S&P 500 component Robinhood rise by 6.3%, following two consecutive days of decline. According to the latest disclosed information, some executives of Robinhood conducted internal stock transactions on September 22, with executive Pinner Jeffrey Tsvi selling multiple shares, totaling over 12,000 shares. Analysts pointed out that the significant sell-off by executives may indicate their lack of confidence in the company's stock price trend in the near future.