As the coronavirus pandemic continues to impact the stock market, it’s hard to see anything but the price drops. It’s difficult, but not impossible. In this article, we’re going to look at four important Robinhood stock trends: each has increased more than 5% in one week.
4 Robinhood Stock Trends: FuelCell Energy, Inc. (NASDAQ:FCEL)
FuelCell Energy, Inc. is an American fuel cell power company. Based in Connecticut, it designs and manufactures Direct Fuel Cell power plants to electrochemically produce electricity from various essential fuels that include biogas and natural gas.
On April 22, at the time of writing, FCEL stock is trading up 6.60%, trading at $1.73. According to Robinhood, FCEL stock is up around 8% in one week, as of 12:35 p.m.
On March 25, the company disclosed that its 20-megawatt fuel cell park surpassed all performance expectations. It is built in Incheon, South Korea.
“We continue to be very pleased with the performance of the 20-megawatt fuel cell park,” said CEO Jason Few.
A month later, FuelCell Energy stated that it had begun the commercial operation of its multi-megawatt SureSource™ 4000 fuel cell project. The project is located at Triangle Street in Danbury, Connecticut. According to the press release, SureSource 4000 is an innovative solution for the utility industry; it delivers high efficiency, distributed power generation in locations needed.
4 Robinhood Stock Trends: Direxion Daily Junior Gold Miners Index Bull 2X Share (NYSEARCA:JNUG)
According to Robinhood, JNUG produces daily 3x exposure to various junior gold and silver mining companies from emerging and developed markets.
On April 22, as of 12:47 p.m. EDT, shares are up around 14%, trading at $7.55. We see an increase of about 16% in one week, enough of a jump to add it to our list of Robinhood stock trends to watch this week.
On March 27, news broke that JNUG is changing the time frame for shifting ten of its geared ETFs to double from triple leverage.
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According to the MarketWatch, these changes will go into effect next week (April 31). For perspective, the original date was May 19. The reduction comes after an unprecedented spike in market volatility.
4 Robinhood Stock Trends: Groupon, Inc. (NASDAQ:GRPN)
Groupon, Inc. operates online local commerce marketplaces, connecting merchants to consumers by offering services and goods in North America and internationally.
On April 22, before market close, GPRN stock was up around 10%, trading at around $1.02. Among the other Robinhood stock trends on this list, we can see that, at the time of writing, Groupon has increased by about 17% in one week.
Despite increasing in one week, Groupon hasn’t had an easy couple of weeks. On April 8, interim CEO Aaron Cooper said the company would furlough a significant portion of its sales and sales operations teams in North America, adding on the previous concerns about it being delisted before the coronavirus pandemic ends.
As a result, GPRN stock is among the Robinhood stock trends we recommend watching in the coming weeks.
4 Robinhood Stock Trends: Kosmos Energy Ltd. (NYSE:KOS)
Kosmos Energy Ltd. is an American upstream oil company, based in Dallas, Texas.
On April 22, as of 4:02 p.m. EDT, KOS stock was up around 11%, trading at approximately $1.15. Robinhood notes that, at the time of writing, shares have increased by about 16% in one week.
On April 8, Kosmos Energy disclosed that it had successfully finished its re-determination of its reserve-based lending credit facility.
Takeaway
What do you think about these Robinhood stock trends? Did you expect to see these stocks increase in one week? Let us know your thoughts in the comments below.
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