Apr. 17 at 4:58 PM
$HOOD "Robinhood (HOOD) is up today primarily due to a landmark regulatory change from the SEC and a broader "risk-on" market rally. The stock is trading at approximately
$92.24, up over 6% for the day.
SEC Day Trading Rule Change: The SEC officially scrapped the
$25,000 pattern-day-trader rule. This removed the requirement for margin account holders to maintain a
$25,000 balance to trade frequently, a major win for Robinhood’s core retail user base.
Market sentiment shifted positively following the reopening of the Strait of Hormuz. This led to a sharp drop in oil prices and fueled a broad rally in tech and growth stocks.
Bernstein reaffirmed an "Outperform" rating with a high price target of
$130, citing growth in crypto and prediction markets.
There was a massive uptick in bullish call options buying, signaling strong short-term speculative interest from investors."
