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Robinhood stock doubles in 4 days and more business news

FILE - This Dec. 17, 2020, photo shows the logo for the Robinhood app on a smartphone in New York. After a rocket rise where it introduced millions of people to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years, Robinhood is about to take the leap itself into the stock market. Robinhood Markets and three of its executives are selling up to 60.5 million shares of its stock in an initial public offering, with trading expected to begin on the Nasdaq Thursday, July 29, 2021. (AP Photo/Patrick Sison, File)
FILE - This Dec. 17, 2020, photo shows the logo for the Robinhood app on a smartphone in New York. After a rocket rise where it introduced millions of people to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years, Robinhood is about to take the leap itself into the stock market. Robinhood Markets and three of its executives are selling up to 60.5 million shares of its stock in an initial public offering, with trading expected to begin on the Nasdaq Thursday, July 29, 2021. (AP Photo/Patrick Sison, File) FILE - This Dec. 17, 2020, photo shows the logo for the Robinhood app on a smartphone in New York. After a rocket rise where it introduced millions of people to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years, Robinhood is about to take the leap itself into the stock market. Robinhood Markets and three of its executives are selling up to 60.5 million shares of its stock in an initial public offering, with trading expected to begin on the Nasdaq Thursday, July 29, 2021. (AP Photo/Patrick Sison, File)

By Wire reports 2 min read

Robinhood stock doubles in 4 days

Robinhood’s stock flew again Wednesday, and it has more than doubled in four days to follow up what had been a disappointing debut on Wall Street.

Robinhood Markets soared 50.4% to $70.39 in trading that was so feverish that trading was temporarily halted three times in the first half hour after the market opened. It’s a sharp turnaround from last week’s lackluster debut for the stock, when it sank 8.4% from its initial price of $38 on Thursday.

Experts had warned that Robinhood’s stock could be primed for a more jagged ride than others on Wall Street because of its popularity among smaller investors.

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