Robinhood Hovers Around $92 With SpaceX Trade Buzz in Focus

Robinhood Markets, Inc. was little changed at $92.31 Friday afternoon. Shares moved between $96.09 and $90.27 earlier in the session. The company showed a market cap of about $84.6 billion. The price-to-earnings ratio was around 44.9, keeping the shares at a valuation that suggests investors are still betting on growth, not a turnaround.

NASDAQ:HOOD

Robinhood Markets (HOOD) news archive — page 3

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Robinhood Shares Gain as HOOD IPO Underwriters Face Retail Pressure

Robinhood Shares Gain as HOOD IPO Underwriters Face Retail Pressure

Robinhood Markets shares closed up about 3% at $86.36 on Wednesday and traded higher early Thursday. The stock is getting new interest as the broker steps closer to Wall Street’s main deal flow. What matters to investors isn’t just another update on trading volumes: Robinhood Securities got approval to underwrite IPOs, moving beyond distributing stock allocations to its app users and into helping companies go public.
Fidelity Just Made SpaceX IPO Access Easier. The Catch Is Getting Shares

Fidelity Just Made SpaceX IPO Access Easier. The Catch Is Getting Shares

Fidelity Investments said customers with as little as $2,000 in a retail brokerage account can seek shares in SpaceX’s initial public offering, a sharp cut to the usual hurdle for new-issue access. The firm said SpaceX is reserving up to 30% of the deal for retail investors, versus the 5% to 10% Fidelity said most IPOs usually set aside for that group.
Robinhood IPO suit goes to Supreme Court, company disclosure rules on the line

Robinhood IPO suit goes to Supreme Court, company disclosure rules on the line

Supreme Court wants Trump administration input on Robinhood IPO lawsuit The U.S. Supreme Court has asked the Trump administration to give its opinion on whether to take up Robinhood Markets’ push to end an investor lawsuit tied to the company’s 2021 IPO. According to the court docket, the justices on June 1 invited the solicitor general to submit a brief with the U.S. government’s position on the case.
Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Robinhood Markets Inc. is staring down a new lawsuit from Wisconsin, just as it prepares to release first-quarter earnings. The state has targeted Robinhood and a group of rivals over contracts tied to sports events—a type of contract that allows traders to bet on real-world outcomes. The legal action drops a cloud of regulatory uncertainty over Robinhood right before its results hit.
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