HOOD Stock Alert: The $1 Billion Reason Robinhood Is Climbing Today

Robinhood Markets (NASDAQ:HOOD) stock is advancing in early trading after the financial services company yesterday revealed that it would buy back $1 billion of its own shares. As a result of the news, HOOD stock is trending on social media and on financial news websites. Robinhood added that the repurchases demonstrate its "confidence" in its "financial strength and future growth prospects." The company noted that it had also made the move in order to return value to its shareholders. HOOD Stock: A Double ...