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Interactive Brokers Group, Inc. Class A Stock News
For much of the last 30 years, investors have had a next-big-thing innovation to captivate their attention. But in rare instances, two or more hyped trends can coexist.
Interactive Brokers Group (NASDAQ: IBKR) is in focus today following news the online trading platform will soon join the S&P 500 index. On Thursday, the multinational brokerage company will replace Walgreens Boots Alliance on the benchmark index.
Interactive Brokers jumped late on news that it'll join the S&P 500 index before Thursday's open, replacing Walgreens Boots Alliance. Robinhood and AppLovin were snubbed again.
The brokerage service is replacing Walgreens Boots Alliance, which is being taken private in a deal with Sycamore Partners that is expected to close soon. Interactive Brokers shares jumped nearly 5% in after-hours trading on the news.
Bad news for Robinhood is good news for this relatively obscure fintech company.
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