Golden Finance reported that the stocks of trading platform Robinhood Markets and Bitcoin treasury company Strategy fell in after-hours trading amidst a general market decline on Monday, as they were not included in the S&P 500 index.
For a long time, Wall Street has anticipated that Robinhood would be included in the S&P 500 index, and Strategy has recently gained eligibility due to the increase in the value of its Bitcoin holdings, which has boosted its market capitalization. The stock price of Robinhood (HOOD) fell 1.26% at the close on Monday, and dropped another 0.5% in after-hours trading, to $107.40. The stock price of Strategy (MSTR) also declined on Monday, closing down 4.17%, and further decreased by 0.6% in after-hours trading, to $341.
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Analysis: Robinhood and Strategy were not included in the S&P 500 index, leading to a fall in stock prices.
Golden Finance reported that the stocks of trading platform Robinhood Markets and Bitcoin treasury company Strategy fell in after-hours trading amidst a general market decline on Monday, as they were not included in the S&P 500 index. For a long time, Wall Street has anticipated that Robinhood would be included in the S&P 500 index, and Strategy has recently gained eligibility due to the increase in the value of its Bitcoin holdings, which has boosted its market capitalization. The stock price of Robinhood (HOOD) fell 1.26% at the close on Monday, and dropped another 0.5% in after-hours trading, to $107.40. The stock price of Strategy (MSTR) also declined on Monday, closing down 4.17%, and further decreased by 0.6% in after-hours trading, to $341.