Robinhood Markets Stock News

Shares recently surged due to strength in one of Robinhood's newest features: prediction markets. Robinhood closed up by more than 12% on On Sept.

Robinhood stock's run can shake out investors who don't use this trading tool to assess a stock's character.

Like the mythical hero it shares a name with, Robinhood Markets (HOOD 0.68%) 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.

Robinhood (HOOD 4.71%) has been one of the hottest stocks on the market recently. It's up almost 500% during the past year, and it keeps climbing.

Robinhood's CEO has reportedly predicted a worldwide spread of real-world asset tokenization. “Tokenization is like a freight train.

The SEC's plan to allow blockchain stock trading permits tokenized stocks on crypto exchanges for faster, 24/7 trading.

"I think [tokenization] will become the default way to get exposure to U.S. stocks outside the U.S.," said Robinhood CEO Vlad Tenev. Robinhood began offering more than 200 tokenized U.S. stocks to customers in the European Union in June, giving them a new way to gain exposure to the underlying assets.

Shares of Robinhood Markets (HOOD -2.82%) shot up 37% last month, according to data from S&P Global Market Intelligence. The stock trading and financial services platform was added to the S&P 500 (^GSPC 0.34%).