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Some Users Report Robinhood Outages
The Wall Street Journal62d agoneutral
Some Users Report Robinhood Outages

Some users reported issues with Robinhood’s platform in the half hour or so after shares of SpaceX started trading. Reports of problems with the app started climbing around 11:40 a.m. in New York and were still rising around noon, according to the website DownDetector.

Bloomberg62d agoneutral
Robinhood Clients Face Issues in Early Moments of SpaceX Trading

(Bloomberg) -- Robinhood Markets Inc. customers faced issues during the highly anticipated first minutes of SpaceX trading on Friday.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesSpaceX Shares Indicated More Than 35% Higher on Gray MarketsRoughly 5,000 outages were reported as of 11:5

Retail Investors Celebrate—and Complain About—SpaceX Allocations
Barrons.com62d agoneutral
Retail Investors Celebrate—and Complain About—SpaceX Allocations

It seems that some retail traders angling for shares of SpaceX at the $135 IPO price were successful in their quest. Traders on a Reddit board about Fidelity, one of the five brokerages to offer investors a chance to put in requests for an allocation of SpaceX shares, shared both good and bad stories about the process. Fidelity lowered its minimum balance requirement from $500,000 for most IPOs to $2,000 to make shares more available.

Investing.com62d agoneutral
SpaceX guide: Everything you need to know about the biggest IPO in history

Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.

Cathie Wood sells her favorite stock despite surge
TheStreet63d agoneutral
Cathie Wood sells her favorite stock despite surge

Robinhood Markets (NASDAQ: HOOD) rose as much as 8% intraday on June 10. The rally followed a cluster of developments that landed one after the other, including a share purchase, a fresh regulatory milestone, and strong monthly trading data. Even so, Cathie Wood's ARK Invest sold its ...

Is Robinhood Markets, Inc. (HOOD) A Good Stock To Buy Now?
Insider Monkey63d agobullish
Is Robinhood Markets, Inc. (HOOD) A Good Stock To Buy Now?

Is HOOD a good stock to buy? We came across a bullish thesis on Robinhood Markets, Inc. on Beyond the Noise’s Substack by Cristobal Botanch. In this article, we will summarize the bulls’ thesis on HOOD. Robinhood Markets, Inc.’s share was trading at $86.36 as of June 10th. HOOD’s trailing and forward P/E were 41.92 and 43.86 […]

Robinhood (HOOD) Stock Trades Up, Here Is Why
StockStory64d agoneutral
Robinhood (HOOD) Stock Trades Up, Here Is Why

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 6.4% in the afternoon session after it received regulatory approval for its securities division to operate as an underwriter for initial public offerings (IPOs), alongside several other positive catalysts.

Analyst hikes Robinhood price target on new product
TheStreet64d agoneutral
Analyst hikes Robinhood price target on new product

Robinhood Markets (Nasdaq: HOOD) is a Menlo Park, California-based e-trading brokerage platform that is best-known for its stock, cryptocurrency, and tokenized stock offerings. Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, the exchange has become popular among retail ...

Why is Robinhood surging on June 10?
TheStreet64d agoneutral
Why is Robinhood surging on June 10?

Robinhood Markets (NASDAQ: HOOD) jumped more than 8% during market hours on June 10, trading around $90 at press time. The rally followed a cluster of updates that landed in quick succession, spanning a major purchase, a fresh regulatory milestone, and strong monthly trading data. A regulatory ...

In Robinhood Markets Inc (HOOD)’s AI-Powered Trading, Crypto Comes Later
Insider Monkey64d agoneutral
In Robinhood Markets Inc (HOOD)’s AI-Powered Trading, Crypto Comes Later

Robinhood Markets Inc (NASDAQ:HOOD) is one of the most profitable crypto-exposed stocks to buy now. On May 27, Goldman Sachs reaffirmed its Buy rating on Robinhood stock with a price target of $94. The firm’s action followed Robinhood’s launch of AI-powered trading tools and AI-enabled credit card features. According to Robinhood Markets Inc (NASDAQ:HOOD), customers […]