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Robinhood Shares Surge on $1 Billion Buyback Announcement

1 min read
Source: Benzinga
Robinhood Shares Surge on $1 Billion Buyback Announcement
Photo: Benzinga
TL;DR Summary

Robinhood Markets Inc. announced a $1 billion share repurchase program, causing its stock to rise in after-hours trading. The buyback is expected to be completed over two to three years starting in Q3 2024. The company's shares have been up approximately 18% over the past month, driven by better-than-expected Q1 financial results and strong growth in net deposits and Gold subscribers.

Topics:business#finance#financial-results#nasdaqhood#robinhood#share-repurchase#stock-buyback
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  1. Robinhood Markets Stock Jumps On $1B Buyback: What's Going On? - Robinhood Markets (NASDAQ:HOOD)  Benzinga
  2. Robinhood shares rise after trading app unveils its maiden stock buyback plan of $1 billion  Yahoo Finance
  3. Trading platform Robinhood launches $1B share buyback plan (NASDAQ:HOOD)  Seeking Alpha
  4. Robinhood Markets Launches $1 Billion Stock Repurchase Program - TipRanks.com  TipRanks
  5. Robinhood’s stock jumps 4% after $1 billion buyback unveiled  MarketWatch

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