HOOD
Another day, another Robinhood plot twist
Robinhood Markets closed Friday at $94.30, up 11.15%, after investors piled into the stock on news that it got a regulatory green light for U.S. perpetual futures trading. In Robinhood-land, that’s basically Wall Street handing the company another shiny toy for its trading app.
Why investors cared
This isn’t just a one-off headline. Robinhood makes money when people trade, and when it can widen the menu beyond plain-vanilla stocks and crypto, the growth story gets a little juicier. Perpetual futures are the kind of product that can attract more active traders — and more active traders usually mean more transaction revenue, more engagement, and more reasons for the market to dream up a bigger future.
The peer-pressure subplot
Schwab and Interactive Brokers were also in the ticker mix, which makes sense because any move that expands the trading-product buffet can ripple across the brokerage crowd. But this one still feels very much like a Robinhood-specific catalyst, especially given how much of the company’s valuation hinges on proving it can keep evolving from “meme-stock app” into a full-blown trading platform.
Big picture: Robinhood doesn’t need every headline to be perfect — it just needs enough of these to keep investors believing the growth engine still has gas in the tank.