Episode Details
Back to EpisodesRobinhood Boosts Buyback, Secures Credit Line
Published 2 days, 3 hours ago
Description
Robinhoods stock surged 4.8% on Wednesday following a new $1.5 billion stock buyback program and a $3.25 billion credit line, signaling managements confidence amid recent stock volatility. Despite a 37.2% drop since January, long-term holders from the 2021 IPO remain in the green.
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