In some circles, the stock trading app Robinhood is seen as a harbinger of where millennials are putting their money. After the market hit bottom in March, the rally over the ensuing four months not only provided investors an opportunity to recoup losses but attracted short term traders on Robinhood looking for massive gains. The Robinhood platform has brought a new generation of day traders that search for the latest speculative stock story…
By now, many investors are familiar with the Robinhood 100, a list of the top 100 popular stocks held by their customers published on the Robinhood site. But many are not familiar with an independent website that provides analytics on Robinhood customers. This website, Robintrack, published a list of the largest changes in popularity. This list can give us insight into the most popular stocks Robinhood customers add to their portfolios each day.
Eastman Kodak (KODK)
KODK operates via several business segments, including Print Systems, Brand, Film and Imaging, 3D Printing Technology, and more. The most popular stock over the last 24 hours was up over 200% on Tuesday and 318% on Wednesday.
Investors are excited about new capital infusion and a new business line. The company, which is primarily known as an imaging company, is taking a $765 million government loan to start a generic drug-ingredient business.
Kandi Technologies Group (KNDI)
KNDI is engaged in the development, production, and distribution of electric vehicle products, parts, and off-road products in the Chinese market. The company announced today the launch of the most affordable electric cars in the U.S. market. The models, the Kandi K27 and K23, will initially be sold in the Dallas-Fort Worth area where Kandi America is located. The stock was up 140% on Wednesday and is already up over 30% today due to the news.
The two models are small and affordable. The K27 has a 17.7 kWh battery with an estimated range of 100 miles. The car will be priced at $19,999 before incentives. The K23 has a 41.4 kWh battery with an estimated range of 188 miles. That model will cost $29,999 before incentives. Those aren’t exactly Tesla (TSLA – Get Rating) prices, so I can see why investors are excited. Over the last 24 hours, 16,446 Robinhood accounts added the stock to their portfolios.
Heat Biologics (HTBX)
HTBX is a US-based immuno-oncology company. The company…
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