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%.