Loading...
Market
Will Robinhood complete 50% of its buyback by May 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Company financial disclosures
Story
Robinhood Announces $1 Billion Share Buyback Program, Stock Rises 6.50%
May 28, 2024, 08:32 PM
Robinhood Markets has announced a $1 billion share buyback program, which will be executed over a two to three-year period starting in the third quarter of 2024. The company's board has authorized the repurchase of up to $1 billion worth of its Class A stock. This move is seen as a demonstration of confidence in the company's financial strength and future growth. Following the announcement, Robinhood's stock surged, rising by 6.50% in after-hours trading. The buyback program represents approximately 5% of the company's current market capitalization.
View original story
Similar markets
Complete • 50%
Incomplete • 50%
Increase • 50%
Decrease • 50%
0-5% • 25%
5-10% • 25%
10-15% • 25%
15%+ • 25%
Decrease • 33%
No Change • 33%
Increase • 33%
