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Analyst: Robinhood is expected to be added to the S&P 500 index this Friday, potentially triggering significant buying from passive funds

2025-06-05 11:29

BlockBeats News, June 5th, according to Bloomberg, Bank of America stated that Robinhood Markets Inc. is the "most likely" company to be included in the upcoming S&P 500 index rebalancing announcement scheduled for this Friday. This milestone event will drive passive funds to buy a significant amount of this online brokerage's stock.


A team led by Bank of America analyst Craig Siegenthaler highlighted in a report that Robinhood became the focus of investors during a meeting about potential index changes in the financial sector. With the rise of the U.S. stock market and the cryptocurrency market, Robinhood's stock price has been soaring.

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