Reported 4 months ago
Robinhood's stock saw a significant increase in after-hours trading following the announcement of a $1 billion share buyback plan, with the company planning to start the repurchase in the third quarter of 2024 over a two to three year period. This move marks a significant step for Robinhood as it continues to evolve beyond commission-free trading into new financial products, with the stock having already shown a 61% increase this year.
Source: YAHOO