TELETRADER News
6/27, 9:47 PM
(Source: TeleTrader)
Robinhood's shares jump by 16% amid sale rumors
The shares of Robinhood Markets Inc. surged by more than 16% on Monday following the report cryptocurrency exchange FTX is planning to purchase the mobile application.
Previously, FTX Chief Executive Officer (CEO) Samuel Bankman-Fried bought 7.6% of Robinhood's stock.
Robinhood's stakes soared by 16.31% at 3:47 pm ET to sell for $9,3050 per share.