NEW YORK (AP) — Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial reception was wild.
Perhaps fitting for a company that upended the investing business, its stock made jagged moves and careened from a gain of 5.9% to a loss of 12.2%, all in its first hour of trading. By 2 p.m. Eastern time, Robinhood Markets was at $36.22, down 4.7% from its initial price of $38 set late Wednesday.
