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home / news releases / HOOD - Hot Stocks: HPQ HOOD drop on downgrades; DBI guidance dividend; CRWD gets authorization

HOOD - Hot Stocks: HPQ HOOD drop on downgrades; DBI guidance dividend; CRWD gets authorization

Robinhood Markets Inc.
Analyst commentary played a sizable role in moving stocks during Friday's pre-market trading. HP (HPQ) gave back some of Thursday's stellar gains on news of an analyst's downgrade. Robinhood (NASDAQ:HOOD) also fell on a bearish comment. In other news, CrowdStrike (CRWD) received a pre-market boost on news that it has received a key authorization. Meanwhile, Designer Brands (DBI) rallied on strong guidance and the reinstatement of its quarterly dividend. Decliners HP (HPQ) edged lower in pre-market trading, giving back some of the gains it posted the previous day. The latest dip came after UBS (UBS) downgraded its rating on the computer and printer maker to Neutral from Buy, blaming weakness in the PC market and slower stock buybacks. The decision came one day after Warren Buffett's Berkshire Hathaway disclosed an 11.4% stake in HPQ, sparking a nearly 15% rise on Thursday. Shares dipped about 1.5% in Friday's pre-market action. A

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Hot Stocks: HPQ, HOOD drop on downgrades; DBI guidance, dividend; CRWD gets authorization
Stock Information
Company Name: Robinhood Markets Inc.
Stock Symbol: HOOD
Market: NASDAQ
Website: robinhood.com
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