Published through
Reuters

(Reuters) -Shares of Robinhood Markets Inc closed upper Friday, an afternoon after the ARK Innovation ETF, controlled through superstar inventory picker Cathie Wood, mentioned it picked up 1.3 million stocks of the net brokerage throughout its grim marketplace debut. Robinhood’s stocks closed up simply shy of one% at $35.15, after falling previous within the consultation and dropping greater than 8% in its Thursday debut. Market watchers cited a relatively chilly reception from retail buyers who’ve fueled rallies in stocks of so-called “meme stocks,” in addition to Robinhood’s determination to order up to 35% of its stocks for its customers. The…

Read More

See also  GM, Ford prolong some manufacturing cuts because of chip scarcity