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Robinhood is expected to enter the S&P 500 index, with its stock price hitting a nearly four-year high.
Gate News bot message, BofA analysts’ latest analysis shows that Robinhood Markets Inc. has become one of the main candidates for the S&P 500 index adjustment this Friday. Driven by the overall rise in the stock market and crypto market, Robinhood’s stock price has reached its highest level in nearly four years.
In addition to Robinhood, BofA analysts also mentioned that companies like Ares Management, Carvana, and AppLovin are also eligible.
Source: Bloomberg