Robinhood Faces Its First Big Test on Wednesday
After an uninspiring start to its life as a public company, Robinhood Markets (NASDAQ: HOOD) snapped to life on Tuesday. Shares of the fast-growing trading platform soared 24% for the day.
Robinhood went public at $38 last Thursday, and it closed as a broken IPO through its first three days of trading. Robinhood closing above its debutante price for the first time on Tuesday is noteworthy, largely because 301,573 of its users got in on the IPO.
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Source Fool.com
