NASDAQ Movers : Robinhood Market Inc share price jumps higher by more than 26 per cent
Post listing it is the third consecutive day that the shares of Robinhood are trading with gains.
NASDAQ Composite is seen trading with gain on Tuesday on an intraday basis even as Dow Jones Industrial Average and S&P 500 are seen outpeforming the tech heavy index.
Robinhood Markets,, a newly NASDAQ listed company was seen tarding with huge gains on Tuesday of over 26 per cent on an intraday basis. The eye popping gains have caught investors attention as the share price crossed the IPO price of $38 per share on Tuesday. The shares of Robinhood Markets tumbled post listing on bourses and are seen trading with strength for the first time since listing.
Post listing it is the third consecutive day that the shares of Robinhood are trading with gains. The shares are trading at $47.59 per piece on Tuesday which promises to be the first day since listing that may close higher than the listing price.
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, known for pioneering commission-free trades of stocks and exchange-traded funds via a mobile app introduced in March 2015.