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Robinhood surges another 13% a day after jumping past IPO price

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Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021.

Source: The Nasdaq

Robinhood shares are jumping in early trading on Wednesday, setting the newly public stock trading app up to extend its 24% rally from the previous session.

Shares of Robinhood popped 13% in premarket trading on Wednesday to around $53.

Robinhood’s stock is making up for its lackluster debut on the Nasdaq last week. The stock priced at $38 per share, the low end of its offering range. It opened at that price on Thursday but then fell 8% on its first day and had largely traded below that price, until Tuesday when it rallied more than 24%.



Source cnbc.com

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