HOOD stock price rose slightly today as the equities market rallied, and after the Donald Trump administration selected Robinhood to run the new Trump accounts for children. Robinhood was trading at $70, a few points above the year-to-date low of $63.70.
Robinhood to Run Trump Accounts
The Trump administration has selected Robinhood and BNY Mellon to run Trump accounts, which will accumulate billions of dollars in the next decades. According to the Treasury, BNY will manage the initial accounts and help the government to build an application.
Robinhood will act as the brokerage and initial trustee for the service, a move that may eventually make it millions of dollars in incremental revenue in the future.
The program was launched as part to the Big Beautiful Bill, which passed last year. Trump accounts allow parents to open accounts for their children who are born between January 1 2025, and the end of 2028, with the government seeding them with $1,000.
Some companies and individuals have joined the program, with Michael Dell pledging $6.25 billion. BNY Mellon, Robinhood, Mastercard, JPMorgan Chase, and SoFi have also joined the program.
The new service comes as Robinhood has continued to diversify its business. It has embraced the concept of tokenization by launching hundreds of tokenized stocks in Europe and other countries.
Robinhood recently debuted its Ventures program in the New York Stock Exchange, allowing investors to gain exposure to private companies like Revolut and Stripe.
Additionally, Robinhood has become a major player in the crypto industry, where users can buy digital coins on its platform and Bitstamp, a company it acquired last year. It also recently launched banking solutions through a partnership with Coastal Community Bank and a prediction market.
Robinhood’s business has been growing in the past few years, and in 2025, it entered the blue-chip S&P 500 Index. Its annual revenue has jumped from just $256 million in 2021 to over $1.5 billion last year.
HOOD Stock Price Technical Analysis
The daily timeframe chart shows that the HOOD stock has been in a downward trend in the past few months.
However, there are signs the downtrend is nearing its end. For one, the stock’s Average Directional Index (ADX) has dropped from 42 in February to 34 today. A falling ADX indicator is a sign that the downtrend is fading.
The stock is also forming a falling wedge chart pattern, which is made up of two descending and converging trendlines.
Therefore, the Robinhood stock price will likely have a strong bullish breakout in the near term. If this happens, the next key target to watch will be at $84, its highest point in March. This target is about 22% above the current level. The bullish outlook will become invalid if it moves below $63.70.
-1024x683.jpg "Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test")
