Robinhood stock adds 3% after initiating $1 billion stock buyback program
The company's board of directors has given the green light for a Repurchase Program, allowing Robinhood to buy back up to $1 billion of its outstanding Class A common stock.
This strategic move is poised to unfold over the next two to three years, starting in the third quarter of 2024. The buyback plan does not come with a set expiration date, providing the company with flexibility in its execution.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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