Robinhood Markets Inc. (HOOD) is Creating a Buzz in the Premarket Trading Session

The premarket hours are abuzz as Robinhood Markets Inc. (HOOD) sees its shares leap to $19.07. The stock is riding high on a robust increase of $1.91, marking an 11.13% uptick, with a solid trade volume of 98.1K signaling strong investor confidence. This impressive rise could very well set the stage for the day’s trading for Robinhood.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

In the latest news, March 13, 2024, Robinhood has shared its operating data for February 2024, showcasing continued growth:

  • Funded Customer accounts rose to 23.6 million, a month-over-month increase of 130 thousand.
  • Assets Under Custody (AUC) soared to $118.7 billion, jumping 16% from January. February’s Net Deposits hit $3.6 billion, indicating a yearly growth rate of 42% compared to January’s AUC. Looking at the year-over-year figure, Net Deposits reached $21.6 billion, a 29% growth from the previous February.
  • Trading activity in February spiked across all asset classes, with Equity Notional Trading Volumes at $80.9 billion (a rise of 36%), Options Contracts Traded at 119.1 million (up 12%), and Crypto Notional Trading Volumes climbing to $6.5 billion (an increase of 10%).
  • Margin Balances edged up by 6%, ending the month at $3.8 billion.
  • Cash Sweep Balances grew to $18.1 billion by the month’s end, marking an 8% increase from January.
  • Lastly, Securities Lending Revenue for February amounted to $13 million, up by 8% from the prior month.