Earnings Results
Executives say the new service will allow customers to trade stocks 24 hours a day, five days a week
Robinhood has seen a drop-off in trading activity for things like stocks and crypto compared to last year.
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Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remains muted when compared to last year.
But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including things like IRAs and forays into advisory services and futures offerings — the company said that it would launch a new 24-hour trading service next week, called 24 Hour Market, that would allow around-the-clock stock…
