Robinhood’s actions fall after the online brokerage house does not get the wink to join the S&P 500

Robin The actions were sold on Monday as the online brokerage house was snubbed in the last quarterly rebalancing of the S&P 500 After months of speculation according to which he could gain a coveted place in the reference.

Robinhood’s shares have dropped by more than 3% in pre-market trading. The action joined 3.3% on Friday to bring the gain last week to more than 13% before the S&P Dow Jones indices indicated after the bell that the S&P 500 would remain unchanged.

Last week, Bank of America called Robinhood a first candidate To reach the S&P 500 during the great reshuffle in June. The rebalancing of the S&P 500, which generally comes the third Friday of last month in a quarter, is generally a striking event because it can trigger billions of passive funds for negotiation and stimulation to use its actions. Companies added to the index can generally expect that funds like this buy enormous quantities of their actions in the coming weeks.

Crypto exchange Jamming was the last beneficiary of such inclusion. The stock skyrocketed 24% during the next negotiation session after the announcement last month.

However, Robinhood has had a major return this year so far, the actions doubling the price. Online brokerage actions have reached a new record last week in the middle of a rebound in actions and the crypto. The company had fallen into disgrace after GameStop The 2021 commercial mania is awarded and the collapse of the FTX sparked a sale in digital assets.