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8/3, 7:39 PM (Source: TeleTrader)
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Robinhood shares soar 20% days after IPO

Shares of popular trading app Robinhood surged over 20% on Tuesday just days after debuting at $38 a share on the Nasdaq.

Although no major news concerning the company came out during the day, Robinhood was one of the top discussed stocks on Reddit’s WallStreetBets, the message board responsible for propping up shares of GameStop earlier this year resulting in a much-publicized short squeeze.

Robinhood was up 20.33% to $45.30 per share at 1:25 pm ET.

Breaking the News / JC