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Why TD Ameritrade's Stock Is Trading Higher Today

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TD Ameritrade (NASDAQ: AMTD) shares are trading higher on Thursday on reports Charles Schwab (NYSE: SCHW) received anti-trust approval from the DOJ for its acquisition of TD Ameritrade.

In November, Charles Schwab said it would acquire the company for $26 billion.

TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.

TD Ameritrade shares were trading up 4.67% at $43.30 on Thursday. The stock has a 52-week high of $53.99 and a 52-week low of $27.70.

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