Why Investors Were Piling Into Robinhood Markets Stock This Week

Like the mythical hero it shares a name with, Robinhood Markets (NASDAQ: HOOD) proved to be quite popular with the public in recent days. The next-generation brokerage's stock was climbing nearly 20% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.A potential new international service seemed to be a key reason why. An analyst's price target raise didn't hurt either.On Tuesday, Bloomberg published an article highlighting a recently stated Robinhood goal to establish prediction markets outside of its native U.S. Financial companies are increasingly getting involved in this activity, in which participants can essentially bet on a range of outcomes for notable events (such as American presidential races). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool