Robinhood shares surge 50%, as investors scoop up 'the meme of memes'
https://www.reuters.com/article/us-robinhood-stocks/robinhood-shares-surge-50-as-investors-scoop-up-the-meme-of-memes-idUSKBN2F51E8
(Reuters) -Shares of Robinhood Markets Inc rose more than 50% on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82%, with one analyst dubbing it "the meme of memes" in a reference to stocks popularized this year by retail investors congregating in online platforms such as Reddit's WallStreetBets.
Robinhood shares surge 50%, as investors scoop up 'the meme of memes'
Aug 4, 2021, 10:21pm UTC
https://www.reuters.com/article/us-robinhood-stocks/robinhood-shares-surge-50-as-investors-scoop-up-the-meme-of-memes-idUSKBN2F51E8
>(Reuters) -Shares of Robinhood Markets Inc rose more than 50% on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82%, with one analyst dubbing it "the meme of memes" in a reference to stocks popularized this year by retail investors congregating in online platforms such as Reddit's WallStreetBets.