Robinhood's 24-Hour Trading Launch and Earnings Beat Boost Stock
TL;DR Summary
Robinhood's stock rallied after the company reported better-than-expected earnings for Q1 2023, despite a drop in trading activity compared to last year. To boost engagement, the company announced the launch of a new 24-hour trading service called 24 Hour Market, which will allow customers to trade stocks around the clock. Robinhood has also introduced new products such as IRAs, advisory services, and futures offerings.
- Robinhood stock rallies after earnings beat, plan to launch 24-hour trading MarketWatch
- Robinhood to Launch 24-Hour Trading on Weekdays in Stocks and ETFs - WSJ The Wall Street Journal
- Robinhood Stock Rises After Earnings. Its Hottest Product Now Is Cash. Barron's
- Robinhood Q1 Earnings Highlights: Revenue And EPS Beat, 24-Hour Trading Launch Featuring Select Stocks Su Benzinga
- Robinhood beats revenue estimates as rate hikes bolster interest income Reuters
- View Full Coverage on Google News
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