Tag: $Robinhood

Robinhood (HOOD) shares were rising ahead of the bell Wednesday after the Securities and Exchange Commission approved some important changes for the cryptocurrency exchange.

Robinhood Markets Inc. announced a new stock-buyback program authorizing the firm to repurchase as much as $1.5 billion of shares at a time when they’re slumping.

Robinhood’s (HOOD) fourth-quarter revenue missed Wall Street expectations on Tuesday as a turbulent quarter for digital assets weighed on the company’s crypto trading revenue, sending the retail brokerage’s shares down 6.3% in after-hours trading.

AppLovin, Robinhood Markets, and Emcor Group will join the S&P 500 index later in September in conjunction with the index’s quarterly rebalancing, according to S&P Dow Jones Indices, which oversees the benchmark index.

Robinhood Markets (NASDAQ:HOOD) is under investigation by Florida authorities over allegations that its cryptocurrency operations used deceptive practices to mislead consumers about trading costs.

Shares of Robinhood Markets (NASDAQ:HOOD) dipped 5% in premarket trading on Monday, after S&P Dow Jones Indices made no changes to the S&P 500 membership following recent speculation that the online brokerage would be added to the index.

Robinhood has agreed to pay fines of $45mn to cover data breach and record-keeping failures — one of a series of penalties levied by US regulators on Monday against financial groups, including units of Blackstone and KKR.

Shares of Robinhood Markets Inc. rose 4% in the extended session Tuesday after the online broker said its board approved a $1 billion share-buyback program.

Robinhood Markets’ efforts to broaden its product lineup may be paying off as the company reported record first-quarter revenue and a surge in new assets.

Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.

Robinhood Markets Inc on Wednesday surpassed Wall Street estimates for first-quarter revenue, as the U.S. Federal Reserve’s rapid rate hikes boosted the online brokerage’s interest income.