Robinhood spikes 65%, halted for volatility

Robinhood (HOOD) was temporarily halted for volatility this morning as the stock spiked 65% in the first minutes of trading. By 10:10 am ET, the stock was up 36%. The upward move comes a day after the investing platform’s stock spiked 24%. The stock price blew past its IPO price of $38 on Tuesday and closed at $46.80, in stark contrast to its public debut last week. 

Retail interest could be a contributing factor for the upward move. Robinhood is one of the most mentioned stocks on Reddit’s…


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