Robinhood Markets shares are trading higher. The stock has gained following the recent Bitstamp acquisition and the recent resurgence of "meme stocks" popular among retail investors.
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets shares are trading higher due to the recent Bitstamp acquisition and the resurgence of 'meme stocks' popular among retail investors.
June 10, 2024 | 5:55 pm
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Robinhood Markets shares are trading higher due to the recent Bitstamp acquisition and the resurgence of 'meme stocks' popular among retail investors.
The acquisition of Bitstamp is likely seen as a strategic move to expand Robinhood's cryptocurrency offerings, which is positively received by investors. Additionally, the resurgence of 'meme stocks' is driving more retail investor activity on the platform, further boosting the stock price.
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