PFE - Will Robinhood Investors Regret Going All In on Coronavirus Stocks?
Investors using the Robinhood online trading platform love healthcare stocks these days -- but not just any healthcare stocks. A look at the most popular stocks on the platform shows us that Robinhood investors are favoring companies developing vaccines or treatments for COVID-19, the illness caused by the novel coronavirus.
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In fact, of the 11 healthcare stocks in the ranking, eight of them have been in the news recently thanks to their coronavirus work. Robinhood investors are buying shares of Moderna (NASDAQ: MRNA), Inovio Pharmaceuticals (NASDAQ: INO), and Sorrento Therapeutics (NASDAQ: SRNE), to name a few. All three are clinical-stage biotech companies, meaning they don't yet have products on the market.