From a disastrous IPO to a new meme hero? Our call of the day from VandaTrack says the push higher for Robinhood could be going places.
Wednesday’s meteoric rise in Robinhood HOOD, +50.41% shares caught much of Wall Street off guard, and left some in the retail space baffled as the no-fee trading app appeared to fast-track itself into a coveted meme space.Our call of the day from VandaTrack, a tracker of individual investor purchases, offers a glimpse at just how far that push might go for Robinhood, which just a week ago suffered a disastrous debut.
VandaTrack data also shows HOOD was the third-most purchased stock — $50.5 million — on retail platforms Wednesday. A total of $467 million buys and sells for that stock placed it fourth in volume behind a mega S&P ETF SPY, -0.49%, chip stock AMD AMD, +5.52% and COVID-19 mMRA vaccine maker Moderna MRNA, +8.42% on the day.
Earnings are rolling in from Cigna CI, -1.06%, Cardinal Health CAH, -1.09%, Duke Energy DUK, +0.11%, Marathon Oil MRO, -4.33%, and Kellogg K, -2.50%, with Expedia EXPE, -0.99% and American International Group AIG, -1.36% due after the close.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Meet the new meme stock: Robinhood soars 82%Robinhood cashed in on the meme stock craze. Now Robinhood itself is turning into the next plaything for the retail trading crowd.
Leer más »
Robinhood shares surge nearly 82% as retail investors dive inShares of Robinhood Markets Inc (HOOD.O) soared almost 82% on Wednesday before paring gains, helped by a surge of interest from retail traders who have piled into the stock after its underwhelming markets debut last week.
Leer más »
Robinhood surges 65% on Reddit buzzShares of Robinhood Markets Inc (HOOD.O) surged 65% minutes after the open on Wednesday, as interest from star fund manager Cathie Wood and small-time traders set up the stock for a fourth session of gains after its underwhelming market debut last week.
Leer más »
Online brokerage Robinhood jumps 29% to surge past offer priceRobinhood Markets (HOOD.O) finally on Tuesday got the share bounce that was predicted for last week's much-hyped Nasdaq launch, jumping as much as 29% as investors followed influential fund manager Cathie Wood into the stock.
Leer más »
Robinhood’s Stock Jumps, Reversing Faltering IPO DebutShares of Robinhood jumped Tuesday, surging past the company’s initial-public-offering price in a reversal from last week’s underwhelming trading debut
Leer más »
After a slow start, Robinhood stock soars on back of small investorsRobinhood stock soars past many blue-chip US firms after its valuation hit over $70 billion in early trading session at the Nasdaq
Leer más »