Beginners Education: The two sides of a share price
A week after a dismal IPO in the US, the online trading platform called Robinhood (HOOD.O listed on the NASDAQ) was deluged by retail investors on 10x the usual volume with the share price doubling. From discarded lemon one day, to Superhero stock the next. The week before it doubled HOOD.O had an underwhelming IPO…