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Robinhood shares jump 13% as it closes out wild week

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Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City.

Cindy Ord | Getty Images

Shares of Robinhood are popping again on Friday as the volatile stock heads to end its first full week of trading up nearly 70%.

Robinhood shares rose 13% to $57.85 on Friday after its stock whipsawed this week. The newly public trading app had a meme stock moment followed by a surprising share sale announcement.

On Friday, Robinhood reiterated that it is not selling any stock, after Thursday’s news that existing shareholders will sell up to 97.9 million shares over time. That news knocked the stock down by 27% on Thursday.

“Robinhood is not itself selling any…



Source cnbc.com

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