Robinhood Stock Jumps After April Data Shows Retail Traders Coming Back
Robinhood Markets shares climbed 5.3% to $80.79 Thursday after reporting April platform assets of $345.4 billion, up 12% from March. Funded customers reached 27.6 million and net deposits totaled $6.0 billion. Equity trading volume rose 15% to $248.5 billion, while crypto volume dropped 33% to $11.9 billion. Deutsche Bank reiterated a Buy rating, citing strong equities and options activity.