Why Is Everyone Talking About Robinhood Stock?
Robinhood Markets (NASDAQ: HOOD) went public on July 29, and the online brokerage's stock has already endured some wild swings. The stock opened at its IPO price of $38 a share, ended its first trading day at $34.82, but skyrocketed to $85 a share in early August before tumbling back to the low $50s. Let's see why Robinhood's market debut was so volatile -- and why it continues to attract so much attention.
Robinhood's app, which disrupted traditional brokerages with "free" trades and its streamlined interface, played a central role in the Reddit-fueled short squeeze that propelled shares of GameStop, AMC Entertainment, and other "meme stocks" to historic highs earlier this year.
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Source Fool.com
