why did HOOD go up this week?

Robinhood Markets Inc. (HOOD) experienced a notable increase in its stock price this week, with a weekly percentage change of 10.85% as of July 1, 2025. The rise in HOOD's stock price can be attributed to several factors:

1. **Expansion into EU Markets**: HOOD's introduction of U.S. stock and ETF tokens for European Union (EU) investors is a significant development. This allows EU clients to access U.S. equities with zero commissions and 24/5 access to more than 200 U.S. stocks and ETFs. This expansion into the EU market could potentially increase the company's customer base and trading volume.
2. **New Product Offerings**: The company's launch of micro futures for Bitcoin (BTC), Solana (SOL), and XRP is aimed at retail traders and offers them flexible exposure to volatile digital assets with lower capital requirements. This expansion into futures trading, which began in October 2024 with traditional assets, could attract new customers and increase trading volumes.
3. **Cryptocurrency Support**: HOOD's strategic moves to grow in the cryptocurrency space, such as the acquisition of Bitstamp and WonderFi, and the launch of Crypto Staking for eligible U.S. investors, align with the growing demand for crypto exposure. The company's support for major cryptocurrencies and the increase in crypto revenues suggest a strong interest from investors in its cryptocurrency-related services.
4. **Positive Analyst Ratings**: Despite missing earnings estimates in the recent quarter, HOOD has received positive ratings from analysts, with Goldman Sachs boosting its price target to $91.00 and Needham & Company LLC reaffirming a "buy" rating. Insider buying, such as the purchase of nearly $2 million in common stock by a director, could also boost investor confidence.
5. **Market Conditions**: The overall positive market conditions, with U.S. stocks reaching record highs and a stellar week for stocks due to easing Middle East tensions and a trade deal between the U.S. and China, could have contributed to HOOD's stock price increase. The S&P 500 and Nasdaq finished with modest session gains after hitting record highs, and the Dow Jones Industrial Average consolidated above the 20,000 level.

In conclusion, HOOD's stock price increase this week can be attributed to a combination of factors including its expansion into the EU markets, new product offerings, cryptocurrency support, positive analyst ratings, and favorable market conditions.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|HOOD|HOOD.O|Robinhood Markets|20250630|12.7665|185|
|HOOD|HOOD.O|Robinhood Markets|20250701|-1.4438748264445163|185|