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Opinions Jim Cramer - Mad Money
RobinhoodHOODPARTIAL SELLAug 04, 2021
It soared 50% today. He urges shareholders to take some profits off the table. Don't get greedy or you'll get slaughtered, goes the saying. If you bought this in the $30s but haven't sold, you're a pig. Warning: this could become a meme stock. RH flopped on its IPO, which made it a prime target for the memesters.
Jim Cramer - Mad MoneyUnknown
$70.39
Stock price when the opinion was issued
$108.00
As of Jun 18, 2026. Market Open.
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Premium contentTOP PICK
DON'T BUY
Shares slid 5%. At the height of their power, June 2021, FINRA fined HOOD the highest-ever penalty for misleading millions of customers and for allowing thousands to trade options when they shouldn't have. Those customers lost a lot of money. True, it their own fault trading very risky instruments, but HOOD didn't educate them well, as promised. HOOD made it too easy for their customers to lose money, period. With fewer customers, HOOD's business has taken a hit. A broker protects their client from themselves, and HOOD did not.
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DON'T BUY
All the young people he meets use their app. After last night's quarter miss, due to crypto trading falling off in Q3, he fears that some of their users are getting out of trading. These people have an average age of 31 with a median account of $240. He also fears that users are speculating in cryptos (which he owns), but not investing. HOOD offers some investing education, but what exactly, like diversification or long-term wealth building? It is only about speculating in the riskiest cryotos? APRU has plunged around 36%.
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WEAK BUY
He doesn't like it that so much of their business is based on options trading, but it forced the discount brokerage business to go commissions-free. The CEO envisions a single-all-in-one money app for consumers--paycheque deposits, bill payments, daily spending--but that's a ways off. Also, they're tangling with the SEC. There will be insider selling when the lock-up period ends.
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