{"id":47224,"date":"2021-08-04T17:11:52","date_gmt":"2021-08-04T14:11:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47224"},"modified":"2025-09-01T20:14:12","modified_gmt":"2025-09-01T17:14:12","slug":"robinhood-shares-surge-80-as-nasdaq-halts-trading-three-times","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhood-shares-surge-80-as-nasdaq-halts-trading-three-times\/","title":{"rendered":"Robinhood shares surge 80% as Nasdaq halts trading three times"},"content":{"rendered":"<p>Robinhood Markets&#8217; shares, the eponymous app for trading securities and cryptocurrencies, reached $85. At the time of writing, HOOD was trading around $63.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">4 August 2021 | 23:03<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The shares closed at $70.39, up 50.4% for the session.<\/p>\n<\/div>\n<p>On 4 August, Nasdaq <a href=\"https:\/\/www.nasdaqtrader.com\/trader.aspx?id=tradehalts\">\u0442\u0440\u0438\u0436\u0434\u044b \u043e\u0441\u0442\u0430\u043d\u0430\u0432\u043b\u0438\u0432\u0430\u043b\u0430 \u0442\u043e\u0440\u0433\u0438<\/a> \u0446\u0435\u043d\u043d\u044b\u043c\u0438 \u0431\u0443\u043c\u0430\u0433\u0430\u043c\u0438 Robinhood \u0438\u0437-\u0437\u0430 \u0432\u044b\u0441\u043e\u043a\u043e\u0439 \u0432\u043e\u043b\u0430\u0442\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u0438. Trading of the shares had resumed by the time of writing.<\/p>\n<p>Retail investors bought Robinhood shares for $19.4 million, making the company the sixth by number of shares bought, and its securities became the eleventh most popular among investment apps, Bloomberg reports, citing Vanda Securities.<\/p>\n<blockquote class=\"wp-block-quote twitter-tweet is-layout-flow wp-block-quote-is-layout-flow\">\n<p dir=\"ltr\" lang=\"en\">~WSB Increases In Comments~<a href=\"https:\/\/twitter.com\/search?q=%24HOOD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$HOOD<\/a> : 1431% ~ 72% bulls<a href=\"https:\/\/twitter.com\/search?q=%24SEDG&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SEDG<\/a> : 1300% ~ 100% bulls<a href=\"https:\/\/t.co\/KiCE4DnjVW\">https:\/\/t.co\/KiCE4DnjVW<\/a><\/p>\n<p>\u2014 Swaggy (@SwaggyStocks) <a href=\"https:\/\/twitter.com\/SwaggyStocks\/status\/1422648485426380811?ref_src=twsrc%5Etfw\">August 3, 2021<\/a><\/p>\n<\/blockquote>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">5 August 2021 | 11:58<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The Robinhood rally could have intensified a <a href=\"https:\/\/www.fool.com\/investing\/2021\/01\/28\/what-is-a-gamma-squeeze\/\"> <span data-descr=\"Gamma measures the rate of change of delta in response to changes in the price of the underlying asset. Delta, in turn, is the revaluation of the option due to changes in the underlying asset's price. In other words, delta can be viewed as velocity, and gamma as acceleration.\" class=\"old_tooltip\">gamma squeeze<\/span><\/a>. According to <a href=\"https:\/\/www.zerohedge.com\/markets\/robinhood-shares-scream-higher-pre-market-wsb-warriors-take-charge\">Zerohedge<\/a>, there was heightened buying activity in August-expiring call options with strikes of $70 and $95.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"346\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-437.png\" alt=\"Robinhood shares surge 80% as Nasdaq halts trading three times\" class=\"wp-image-144896\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-437.png 500w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-437-300x208.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: ZeroHedge.<\/figcaption><\/figure>\n<\/div>\n<p>Subsequently, heightened buying activity in the spot market forced sellers of call options to hedge their positions. They reluctantly joined the group opening long positions. A mechanism similar to a short squeeze operated. In the GameStop case, a similar pattern unfolded. Traders on Robinhood, part of the WallStreetBets subreddit, could also have participated.<\/p>\n<\/div>\n<p>Before the U.S. session, SPB Exchange <a href=\"https:\/\/spbexchange.ru\/ru\/about\/news.aspx?bid=25&#038;news=25293\">\u0441\u043e\u043e\u0431\u0449\u0438\u043b\u0430<\/a> about a trading halt for HOOD shares from 14:19 MSK due to high volatility. The platform noted a 20% price move within 10 minutes. Trading resumed at 14:49.<\/p>\n<p>On 29 July, Robinhood <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-shares-begin-trading-on-nasdaq-valuation-around-32-billion\">conducted<\/a> its initial public offering. The day before, the company <a href=\"https:\/\/u1f987.com\/en\/news\/robinhood-sets-ipo-share-price-at-38\">set<\/a> the starting trading price for HOOD shares at $38 and a market valuation of about $32 billion.<\/p>\n<p>On the first day, trading closed at $34.82. Market capitalisation fell to $29 billion.<\/p>\n<p>On Tuesday, 3 August, HOOD&#8217;s trading session closed at $46.70, up 24% from the opening price. On Wednesday, 4 August, in pre-market trading, quotes topped $53.<\/p>\n<p>Cathie Wood of ARK Investment Management <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-buys-nearly-1-3-million-robinhood-shares-on-first-day-of-trading\">acquired through its ARKK fund 1,297,615 shares of Robinhood<\/a> on the day of the platform&#8217;s Nasdaq debut.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Markets&#8217; shares, the eponymous app for trading securities and cryptocurrencies, reached $85. At the time of writing, HOOD stock was trading around $65.<\/p>\n","protected":false},"author":1,"featured_media":47225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[768,1234,1211],"class_list":["post-47224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nasdaq","tag-robinhood","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47224"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47224\/revisions"}],"predecessor-version":[{"id":47226,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47224\/revisions\/47226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47225"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}