Why Robinhood Markets Stock Was Zooming Higher This Week
According to data compiled by S&P Global Market Intelligence, the stock of upstart financial services company Robinhood Markets (NASDAQ: HOOD) was rising by more than 11% week to date as of early Friday morning. One key reason for this was a media report about the company's apparent embrace of current financial technology to build a cross-continental trading system.Toward the end of Wednesday's trading session, Bloomberg reported that Robinhood is aiming to build a blockchain-based trading platform for European investors to trade American securities. Image source: Getty Images.Continue reading
According to data compiled by S&P Global Market Intelligence, the stock of upstart financial services company Robinhood Markets (NASDAQ: HOOD) was rising by more than 11% week to date as of early Friday morning. One key reason for this was a media report about the company's apparent embrace of current financial technology to build a cross-continental trading system.
Toward the end of Wednesday's trading session, Bloomberg reported that Robinhood is aiming to build a blockchain-based trading platform for European investors to trade American securities.
Image source: Getty Images.
