Friday, 20 March 2020
It’s been precisely a month since the S&P 500 has started its violent plunge due to the coronavirus crisis. Since then, the index has declined a staggering 29%, from its all-time high of 3,386 to 2,409 points as of yesterday. While the markets have been selling off, Robinhood users weren’t just unable to sell because the app was down, they also weren’t willing to sell. In fact, the number of unique stock positions (holdings) among Robinhood users has been surging, according to data provided by Robintrack. In the last month, the top 50 stocks that saw the highest amount of…
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