DKNG - 3 Top Robinhood Stocks That Soared 40%-Plus in September
Stocks that are popular on the trading platform Robinhood can often do better than the S&P 500 in part because they've got much more hype behind them than the average stock. And while September was a rough month for the market and the index, which fell by 4%, that wasn't the case for some Robinhood stocks. Eastman Kodak (NYSE: KODK) , DraftKings (NASDAQ: DKNG) , and Zoom Video Communications (NASDAQ: ZM) are all beloved among Robinhood investors, and they all soared more than 40% during the past month.
Let's take a closer look at why those stocks rallied so much and whether they're still good buys today, or if they've gotten too expensive to own.
Kodak's stock has been volatile since late July, when investors learned the company was pivoting from photos, printing, and publishing to healthcare and that it would, in fact, be receiving a $765 million loan from the government to help make ingredients for generic pharmaceuticals. The stock hit a peak of $60 on the news (previously, it was trading at a little over $2).
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3 Top Robinhood Stocks That Soared 40%-Plus in September