Sharing Robinhood will fall after the online broker does not get a nod to join the S&P 500

Robinhood Shares sold on Monday, when the online broker was disregarded in the last quarterly restoration to S&P 500 After months of speculation that he can get the desired place in relation.

Robinhood actions fell by 2% during the Monday session. On Friday, the shares collected 3.3%to bring profit last week to over 13%before the S&P Dow Jones indexes said on the bell that the S&P 500 would remain unchanged.

Last week, Bank of America called Robinhood the best candidate Join the S&P 500 during a great reshuffle in June. Remalans S&P 500, which usually appears on the third Friday of the last month in the quarter, there is usually parties, because it can collect billions of dollars of trade and stimulate passive funds to get their shares. Companies added to the index can generally expect that such funds will buy huge amounts of their shares in the coming weeks.

Cryptographic exchange Coins He was the latest beneficiary of such inclusion. The shares increased rapidly by 24% in the next trade session after the announcement last month.

Despite this, Robinhood has returned this year this year, and the shares increased by 97%. Online brokerage shares reached a new record level last week among reflections in both actions and cryptography. The company consisted of favoring after Gamestop Trade in Mania from 2021 came in, and the fall of FTX caused a sale of digital assets.