Retail brokerage stocks Robinhood and Webull surged notably after Webull's CEO revealed a nearly 300% increase in retail buy orders for major cryptocurrencies following the June 4 repeal of the pattern day trader (PDT) rule. This rule change allowed more retail investors to trade cryptocurrencies actively, driving higher transaction volumes and boosting broker revenues. Despite minimal price movement in Bitcoin and Ethereum, broker stocks and related ETFs gained, reflecting increased trading activity rather than coin price changes. Investors will watch if this retail trading momentum sustains into upcoming earnings reports and year-end.
An investment of $10,000 in Robinhood at its initial public offering (IPO) would have grown to approximately $27,160 by October 2026. This reflects a significant appreciation in the stock's value since the IPO, highlighting Robinhood's market perform...
Cathie Wood's ARK Invest sold millions in top AI chip stocks AMD and Taiwan Semiconductor to invest in Robinhood and two air taxi startups, Archer Aviation and Joby Aviation. This move reflects a shift from established AI winners to riskier, innovati...
Coinbase's stock dropped 11% following a record $6.3 billion hack at Binance and disappointing Q3 2026 earnings, with net revenue down 34% year-over-year and trading revenue falling 44%. Despite a $715 million crypto investment gain boosting net inco...
Robinhood announced that 200,000 customers have opened AI-powered trading accounts since the September launch, generating $1.6 billion in trade volume. However, the company's shares dropped 7.63% after hours due to missing revenue expectations despit...
Robinhood reported a mixed Q3 2026 with revenue up 12% to $1.42 billion but missing consensus slightly. Crypto trading revenue fell 55% year-over-year, and net interest income dropped 9%, overshadowing record gains in prediction markets and growth in...
