Robinhood is one of the most popular stock trading platforms for retail traders, especially those new to the market. The platform highlights certain data on its app, including the most held stocks and ETFs. Here is an overview of the most held stocks on the platform.
What happened: Robinhood’s app Robinhood Markets (NASDAQ: HOOD) is one of the most popular stock trading apps. Many investors hold a wide range of stocks, ETFs, and cryptocurrencies on the app.
Through March 25, 2022, here are the top ten stocks held by Robinhood users:
- Apple Inc. (NASDAQ:AAPL)
- Tesla Inc. (NASDAQ: TSLA)
- AMC Entertainment Holdings (NYSE: AMC)
- Ford Motor Co. (NYSE:F)
- Sundial producers (NASDAQ: SNDL)
- Amazon.com Inc. (NASDAQ: AMZN)
- Microsoft Corp. (NASDAQ: MSFT)
- The Walt Disney Co. (NYSE: DIS)
- NIO Inc. (NYSE: NIO)
- Metaplatforms (NASDAQ:FB)
Ranking just outside the top ten most held stocks for the week was Netflix Inc. (NASDAQ:NFLX), Pfizer Inc. (NYSE: PFE), NVIDIA Corp. (NASDAQ: NVDA), American Airlines Group (NASDAQ: AAL) and Snap inc. (NYSE: SNAP).
Related Link: Benzinga’s 10 Most Searched Tickers in February: SPY, Tesla, NVIDIA and A Crypto Hits Top 20
Why it matters: Looking at the most widely held stocks at a popular brokerage can help show which stocks are preferred by retail traders. The list features many popular and high-value companies like Tesla, Apple, Amazon, and Microsoft.
AMC’s inclusion on the list shows that investors are still betting on the movie company’s turnaround, and it might be worth watching the stock’s ranking on the list throughout the movie release schedule at summer success.
Cannabis company Sundial ranked fifth to end the week, and the placement comes after cannabis stocks rose in value late last week following news of a potential bill. federal on legalization.
Tesla, Meta Platforms, Apple and Amazon were also ranked among the top ten stocks searched across BenzingaPro for the month of February.
Robinhood ended the fourth quarter with 22.7 million funded accounts and 17.3 million monthly active users.
CAPOT Action on prices: Robinhood shares fell 4% to $12.39 on Friday. Robinhood shares are down more than 60% since going public in July 2021.
Photo: Courtesy of Miscellaneous Stock Photos on Flickr
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