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Benzinga
Benzinga
Business
Wayne Duggan

Pro Traders React To Robinhood Extending Trading Hours: 'Caveat Emptor'

Robinhood Dennis Dick Nasdaq

Shares of Robinhood Markets Inc (NASDAQ:HOOD) soared 24.2% on Tuesday after the popular stock trading app announced an extension of trading hours for customers by an additional 6.5 hours per day.

What Happened? Robinhood's huge stock gain was its single biggest one-day move since it gained more than 50% on Aug. 4, 2021. Investors are understandably excited about the impact an extra 2.5 hours of trading in the morning and four extra hours in the evening could have on Robinhood's revenues and profits.

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