Robinhood hits highest level since August 2021

Shares of free stock-trading app Robinhood Markets are up roughly 15% in the last two trading sessions, after the brokerage firm received a pair of upgrades and agreed to a $45 million SEC fine to settle a range of alleged violations on Tuesday. (Sherwood Media is an independent subsidiary of Robinhood Markets, Inc.)

The sharp drop in interest rates and the resurgence of stock and crypto trading that ensued after December data showed that core inflation ebbed in the US seems to be giving shares another lift on Wednesday.

The stock had a huge 2024, rising just shy of 200%. But Robinhood still has not retaken the highs it hit after debuting as a publicly traded company in 2021, when it hit a closing high of $70.39 a share on Aug. 4.

(Full disclosure: I own Robinhood stock as part of my compensation here.)

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.