10 Stocks That Underperformed Last Week

5. Robinhood Markets Inc. (NASDAQ:HOOD)

Robinhood Markets dropped its share prices by 20.95 percent last week at $51.6 on Friday versus the $65.28 close on February 14 as investors appeared to have taken profits following the company’s all-time high, while also digesting news about a US court’s decision to seize worth $606 million of HOOD’s shares from a bankrupt company’s CEO.

Last week, HOOD’s share prices jumped to an all-time high of $63.8 following its stellar earnings performance last year, with its net income soaring by 2,953 percent to $916 million during the fourth quarter, and recording $1.4 billion in net income for the full year 2024, reversing a net loss of $541 million in 2023.

Sentiment, however, was quickly dampened by news that a US Court had seized worth $606 million of HOOD’s shares from Sam Bankman-Fried, CEO of now-bankrupt bank FTX, following his fraud conviction.

HOOD’s shares were sold off for the entire trading week, as investors repositioned their portfolios to minimize risks from the news.