Robinhood Posts Heavy September Volumes, Launches 24/7 U.S. Stock Trading
HOOD sits 58% above its 52-week low of $63.515.
Summary
Robinhood disclosed September activity of $267B in equity notional, roughly 234M options contracts, about $17B in crypto notional and roughly 4.4B event contracts. It also rolled out 24/7 U.S. stock trading with weekend sessions, AI trading agents and earnings-linked prediction-style contracts, and shares rose about 4.3% to $102.47 on the news. The product push extends the event-contract engine that drove Q2 revenue of $1.31B and net income of $573M, and it comes alongside international expansion — the WonderFi acquisition in Canada, a Singapore license and DFSA approval to offer retail brokerage in the Dubai International Financial Centre. Q3 earnings on Oct 27 will show whether September's volume strength carried through the quarter.
At the time of this announcement, HOOD was trading at $100.25 on NASDAQ in the Finance sector, with a market capitalization of approximately $91.6B. The 52-week trading range was $63.52 to $150.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.