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

Share on facebook
Share on linkedin
Share on whatsapp
Share on twitter
Share on email
Robinhood surges as much as 81% in the second day of trading driven by retail investor craze
Share on facebook
Share on linkedin
Share on whatsapp
Share on twitter
Share on email

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.


Want to keep up with the latest trends and technology in Fintech? For just 15 minutes a day, get to learn everything you need to know from Fintech to Payments with the Fintech360 programme – for free!


Learn the skills of Fintech

Learn the skills of Fintech

More To Explore

Industry News

Frequently Asked Questions

The Centre for Finance, Technology & Entrepreneurship (CFTE) is a global education platform that aims to equip financial professionals and organisations with the necessary skills to remain competitive in a rapidly changing industry. Our leading training programmes, curated by global industry experts, help talent build skills to join the digital revolution in finance. CFTE’s courses are globally recognised with accreditations from ACT, IBF, CPD, SkillsFuture and ABS.

At CFTE, our mission resonates with every learner’s goals to rapidly advance in their career, to thrive in their next project or even to lead the disruption in finance with their own venture. To help you do this, CFTE gives you the tools you need to master the right skills in digital finance. We bring exclusive insights from leaders that are steering the developments in the financial sphere from global CEOs to disruptive entrepreneurs. With CFTE you don’t just learn what’s in the books, you live the experience by grasping real-world applications.

If you are looking for rich insights into how the Financial Technology arena is transforming from within, we can help you get the latest knowledge that will stir things up in your career. CFTE offers leading online programmes in digital finance, covering an expanse of topics like – Payments, AI, Open Banking, Platforms, Fintech, Intrapreneurship and more, that will help you conquer the financial technology landscape. With this expertise at your disposal, you will be on track to turbocharge your career.

You will be learning from a curated line-up of industry leaders, experts, and entrepreneurs hailing from Fortune 500 companies and Tech Unicorns, among others. They will each be presenting their knowledge and experience in the field of digital finance. No matter if you are embarking on a new journey or fortifying your role, these lecturers and guest experts will guide you through the perspective of established institutions like – Starling Bank, Wells Fargo, tech giants like – Google, IBM, successful startups such as – Kabbage or Plaid, among many more!