$Robinhood(HOOD)$MW Robinhood stock rockets after FTX CEO Bankman-Fried invests nearly $650 million, saying he doesn't plan to make changes
By Tomi Kilgore
Bankman-Fried says Robinhood shares are an 'attractive investment,' and Robinhood responds by saying it thinks its attractive too.
Shares of Robinhood Markets Inc. rocketed Friday, to extend their bounce off a recent record low, after the trading app disclosed a large active investment by Sam Bankman-Fried, who founded and runs the cryptocurrency exchange FTX.US.
The stock (HOOD) shot up 23.3% in afternoon trading. That follows a 5.0% gain on Thursday, which followed Wednesday's lowest-ever close of $8.15.f $8.15.
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I wonder if all this sudden mass media news is trying to hype the share to lure buyer?