Robinhood (HOOD) Hits 52-Week High as Stock Surges on Strong Earnings

Oct 08, 2024

Shares of Robinhood (HOOD, Financial) surged, reaching a 52-week high of $25.36. The stock climbed over 7.8%, trading at $25.14. Over the past year, Robinhood's share price has increased by 147.62%.

For the second quarter of 2024, Robinhood reported a 40% annual increase in revenue, totaling $682 million. The company achieved a record high earnings per share of $0.21. Additionally, Robinhood's net deposits peaked at $13 billion, marking a 41% growth year-over-year.

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