Shares of Robinhood, the financial services app that offers both stock and crypto trading, surged to an all-time high on Wednesday following the completion of the company’s acquisition of crypto exchange Bitstamp earlier this week.
Robinhood’s stock jumped 13% this week, climbing from $66.05 on Monday morning to a high of $74.42 in pre-market trading on Wednesday. However, shares in the company fell by 4% after the market opened on Wednesday, and are hovering at around $72.
