Robinhood continues rally, up 17% premarket
Robinhood Markets Inc.’s stock continued yesterday’s rally, climbing as much as 17% in the premarket session on Wednesday.
Investor Cathie Wood’s ARK Innovation ETF revealed that, as of August 4, it holds nearly 4.9 million shares of Robinhood, with a market value of almost $230 million, seemingly boosting traders’ confidence in financial services company’s stock.
Robinhood shares were up $17.52 at 8:10 am ET, selling for $55.03.
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