Robinhood Stock Jumps After Unveiling $1B Buyback Plan

Key Takeaways Robinhood (HOOD) shares jumped more than 4% in extended trading on Tuesday after the online discount brokerage firm unveiled a $1 billion stock buyback program, signaling its coming of age as mature financial services provider. The company, which targets millennial and younger retail traders, said it would repurchases the shares over a two to three year period, starting from the third quarter of this year. "As our business and cash flow have continued to grow, we're excited to announce a $1 bi ...