Robinhood Soars and Is Halted

Robinhood (HOOD) went public last Thursday. The shares were halted today after they rose 65%. The stock didn’t do so well on its first day of trading. It closed higher but not with the huge pop some were expecting. Until yesterday when HOOD then rose 24%, that is. The shares were halted today due to high volatility.

This morning’s ADP jobs report showed a gain of 330,000. That was well below estimates of 653,000. The official government report is due out on Friday.

We have two more earnings reports coming after today’s close. Ansys (ANSS) and Miller Industries (MLR) are due to report.

Posted by on August 4th, 2021 at 12:35 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.