Robinhood Markets Inc HOOD shares are trading higher by 14.19% to $9.14 Monday afternoon following a report that FTX is said to be exploring a deal for the company.
Bloomberg reported Monday that Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets, according to people with knowledge of the matter.
A new 13D filing from Robinhood last month showed that Emergent Fidelity Technologies and Sam Bankman-Fried own 56,273,469 shares of Robinhood. The position represents a 7.6% ownership stake in the company... Read More
See Also: Why Axsome Therapeutics Stock Is Soaring Today
Robinhood Markets is creating a modern financial services platform.
According to data from Benzinga Pro, Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $6.81.
Photo courtesy of Robinhood.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
