Robinhood stock rallies in IPO rebound
Robinhood's stock redeemed itself rising 24% on Tuesday
Former E-Trade CEO weighs in on Robinhood's first two days of trading
Karl Roessner explains provides insight on the significance of the first days of trading on 'The Claman Countdown'
Robinhood doubters got a reality check on Tuesday.
The stock rallied over 24%, absent of concrete news, to close at $46.80 per share, above its initial public offering price, which came in at the low end of expectations, for the trading app's highly anticipated IPO.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| HOOD | ROBINHOOD MARKETS INC. | 36.42 | -1.43 | -3.78% |
INTERACTIVE BROKERS CEO WELCOMES ROBINHOOD TO BIG LEAGUES
Last week, Robinhood Markets Inc. shares fell more than 8% in their Nasdaq debut after opening for trading at $38 apiece, where they priced on Wednesday evening. Robinhood's IPO, which raised about $2.1 billion, gave the company a market value of nearly $32 billion.
ROBINHOOD MAY PLAN BUSINESS TWIST POST IPO
Today, that figure moved up to $32.9 billion.
GET FOX BUSINESS ON THE GO BY CLICKING HERE