6/27, 9:47 PM (Source: TeleTrader)
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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.

Baha Breaking News (BBN) / JR