Robinhood surges as much as 81% in the second day of trading driven by retail investor craze

Robinhood surges as much as 81% in the second day of trading driven by retail investor craze

London, 4 August 2021 – The ‘commission-free’ stock trading fintech went public last Thursday on the Nasdaq under the ticker symbol HOOD. The company that cashed in on the meme stock craze and is now witnessing a similar fate, as retail investors drive the stock up on a wild second day of trading.

Shares of Robinhood touched $85 at one point, an 81% gain over Tuesday’s close and bringing its gain on the week to more than 140%. An hour after Wednesday’s opening bell, the stock’s daily gain was 30%.

As the Robinhood Stock blows past its $38 IPO price, it has more than made up for its lackluster performance as it debuted on the Nasdaq. The stock opened on Thursday, at the low end of its offering, it fell 8% on day one, trading largely below that price until it rallied more than 24% on Tuesday.

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