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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Robinhood Markets (HOOD) Stock?

Montreal,,Canada,-,March,08,,2020:,Robinhood,App,And,Logo

Shares of Robinhood Markets Inc (NASDAQ:HOOD) are trading flat on Monday. Following a turbulent week of trading last week, the stock rallied to a new all-time high. Here’s what investors need to know.

What To Know: Last week, investor enthusiasm was significantly fueled by a series of major announcements centered on an aggressive expansion into the cryptocurrency market. The company revealed its planned acquisition of the Bitstamp crypto exchange and the introduction of commission-free tokenized U.S. equities and perpetual futures for its European customers.

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