TECH - What's Going On With Robinhood Markets Stock On Wednesday? | Benzinga
Robinhood Markets, Inc (NASDAQ:HOOD) stock continued trading higher Wednesday after the company on Tuesday announced a new share buyback program, enabling it to buy back stock worth $1 billion.
Earlier this month, Robinhood launched tiered margin rates for investors, ranging from 5.7% to 6.75%. These rates enable investors to invest more immediately without needing to deposit money from their bank.
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