Robinhood Markets Inc (NASDAQ:HOOD) shares traded higher after the online trading platform announced that it will allow certain users to bet on the US presidential election starting on Monday. Through Robinhood Derivatives (RHD), users will be able to bet on the outcome of the election, being held on November 5.
Robinhood is jumping into the prediction betting game, announcing users can begin trading the 2024 presidential election that is eight days away. Users can trade a Kamala Harris or Donald Trump contract starting Monday, said the company, as long as they meet certain criteria that include being a U.S. citizen.
Shares of Robinhood Markets Inc (NASDAQ:HOOD) are up 3.2% at $27.93 at last glance, and trading at nearly three-year highs.
HOOD is slated to report Q3 results on Wednesday. Read on to know whether the stock is worth betting on now or if investors should wait.
The Big Board announced on Friday that it was seeking approval to expand trading on its electronic Arca platform from 16 hours a day to 22 hours a day.
Robinhood announced the launch of U.S. presidential election event contracts on Monday, enabling customers to trade based on their prediction for the tightly contested race between Vice President Kamala Harris and former President Donald Trump.
Evaluate the expected performance of Robinhood Markets (HOOD) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Robinhood Markets (HOOD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest trading day saw Robinhood Markets, Inc. (HOOD) settling at $27.41, representing a +1.63% change from its previous close.
Robinhood Markets (HOOD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Jordan Sinclair, Robinhood's head of U.K., discusses the rollout of the firm's margin trading feature in the country.
Piper Sandler analyst Patrick Moley maintained an Overweight rating on Robinhood Markets, Inc HOOD and raised the firm's price target to $30 from $27.