In brief
- Robinhood’s stock (NASDAQ: HOOD) hit another new high Tuesday after doing so on Monday.
- The stock’s rise comes after a report that the company is looking at expanding its prediction platform out of the U.S.
- Robinhood first started offering event contracts last year around the U.S. presidential election.
Robinhood stock hit a new high Tuesday following a report that the trading platform is looking at expanding its prediction market product outside of the U.S.
The company’s stock was recently trading for close to $140 a share after hitting a high earlier Tuesday morning New York time above $142. Nasdaq-listed HOOD is up 275% year-to-date, according to Yahoo Finance data.
HOOD previously boomed on Monday after Robinhood co-founder and CEO Vlad Tenev said on X that customers had traded over 4 billion event contracts on the company’s prediction markets platform.
Go to Source to See Full Article
Author: Mathew Di Salvo
