Robinhood Shares Surge on Crypto Recovery

Robinhoods stock surged by 3.3% today, driven by a cryptocurrency market recovery, which boosted investor confidence in digital asset-related companies. Bitcoins climb above $91,000 further lifted Robinhoods stock, which had previously fallen due to Bitcoins dip. Robinhoods earnings are heavily tied to cryptocurrency and options trading, making up 78% of its transaction-based revenue. Despite todays positive movement, Robinhoods shares remain 13.7% below their 52-week high, but they have still seen a remarkable 233% increase this year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.