U.S. markets closed
  • S&P 500

    4,357.73
    -75.26 (-1.70%)
     
  • Dow 30

    33,970.47
    -614.41 (-1.78%)
     
  • Nasdaq

    14,713.90
    -330.06 (-2.19%)
     
  • Russell 2000

    2,182.20
    -54.67 (-2.44%)
     
  • Crude Oil

    70.64
    +0.35 (+0.50%)
     
  • Gold

    1,765.00
    +1.20 (+0.07%)
     
  • Silver

    22.26
    +0.06 (+0.25%)
     
  • EUR/USD

    1.1729
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    1.3090
    -0.0610 (-4.45%)
     
  • GBP/USD

    1.3659
    -0.0000 (-0.00%)
     
  • USD/JPY

    109.3650
    -0.0550 (-0.05%)
     
  • BTC-USD

    43,064.00
    -4,104.00 (-8.70%)
     
  • CMC Crypto 200

    1,076.57
    -57.81 (-5.10%)
     
  • FTSE 100

    6,903.91
    -59.73 (-0.86%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

Robinhood Rockets 24% Higher. It Looks Like a Meme Stock.

·1 min read
Robinhood Rockets 24% Higher. It Looks Like a Meme Stock.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(HOOD) has profited off the meme stock movement. The gains have built slowly; the commission-free broker started the day up less than 1%, but climbed over the next three hours to trade as high as $45, 18% above the company’s $38 price of its initial public offering. ARK Investments bought Robinhood (ticker: HOOD) after the IPO and has continued buying, and the company was praised on Monday night by CNBC’s Jim Cramer, who said “the stock would soar” if it made a deal like Square’s (SQ) deal to buy Afterpay.