#Retailers weren’t hot on Robinhood stock after IPO

#Retailers weren’t hot on Robinhood stock after IPO

“#Retailers weren’t hot on Robinhood stock after IPO” Robinhood’s efforts to democratize finance fell flat on the free trading app’s first day as a public company. Once it began trading, retail investors only bought $18.85 million shares of the popular trading app which closed its first day of trading with a market cap of $29 billion,…

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#Cathie Wood buys over M in Robinhood stock on first day

#Cathie Wood buys over $45M in Robinhood stock on first day

“#Cathie Wood buys over $45M in Robinhood stock on first day” Cathie Wood sank more than $45 million into Robinhood, apparently unshaken by the commission-free trading app’s disappointing first day of trading. Wood’s flagship $25.5 billion ARK Innovation fund purchased almost 1.3 million shares of the company on Thursday, according to ARK Investment Management’s daily…

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#Robinhood shares plummet 10 percent moments after debut

#Robinhood shares plummet 10 percent moments after debut

“#Robinhood shares plummet 10 percent moments after debut” Shares of free-trading app Robinhood dropped more than 10 percent moments after debuting on the Nasdaq stock exchange at $38 a share on Thursday. Trading in the app — known for its role in the “Reddit Rally” retail trading phenomenon that pushed shares of GameStop to new…

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