HOOD - Robinhood Markets Stock Jumps On $1B Buyback: What's Going On? | Benzinga
Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher in Tuesday’s after-hours session after the company announced a $1 billion buyback.
What Happened: After the market close on Tuesday, Robinhood said its board of directors authorized a new share repurchase program that will allow the company to repurchase $1 billion worth of its stock.
"As our business and cash flow have continued to grow, we're excited to announce a $1 billion share repurchase program to return value to shareholders," said Jason Warnick, CFO ...