05 August 2021

Robinhood stock price surges

Written By FinTech Alliance

Robinhood stock price surges

The FinTech had a lacklustre debut on the Nasdaq last week but now its price is soaring.
 

In Brief:

Robinhood shares soared on Wednesday briefly hitting $85

That's a remarkable 80% gain on the previous day's close

Initially priced at $38 when it IPO'd Robinhood ended the day at $46.80

 

What does this mean?

Robinhood appears to be the latest infatuation of Reddit's Wall Street Bets forum. Robinhood was by far the most mentioned stock on the forum over the past 24 hours, with more than 1,700 mentions.

 

Read more.

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