{"id":9905,"date":"2021-08-05T10:12:34","date_gmt":"2021-08-05T14:12:34","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=9905"},"modified":"2021-08-06T08:45:12","modified_gmt":"2021-08-06T12:45:12","slug":"robinhood-market-surges-50-as-investors-scoop-up-shares","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/robinhood-market-surges-50-as-investors-scoop-up-shares\/","title":{"rendered":"Robinhood Market Surges 50% As Investors Scoop Up Shares"},"content":{"rendered":"\n<p>On Wednesday, Robinhood Market surged 50%, leading the online broker&#8217;s shares to close at $70.39.<\/p>\n\n\n\n<p>The stock rose above its initial offer price of $38 a share and posted its fourth consecutive day of straight gains.<\/p>\n\n\n\n<p>This can be attributed to the popularity it gained with small-time investors when the volume of retail trading increased tenfold and the share rose by 24%.<\/p>\n\n\n\n<p>The company&#8217;s shares last rose 14.9% to $53.5 on Wednesday, making it the second-most traded across U.S. exchanges in trading before the bell.<\/p>\n\n\n\n<p>The company&#8217;s market capitalization rose to $58.8 billion, ahead of Twitter, Chipotle Mexican Grill and wealth manager T. Rowe Price.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/article\/us-robinhood-stocks\/robinhood-shares-surge-50-as-investors-scoop-up-the-meme-of-memes-idUSKBN2F51E8\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>On Wednesday, Robinhood Market surged 50%, leading the online broker&#8217;s shares to close at $70.39.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-9905","post","type-post","status-publish","format-standard","hentry","category-data-analytics"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=9905"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9905\/revisions"}],"predecessor-version":[{"id":9946,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9905\/revisions\/9946"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=9905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=9905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=9905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}