Robinhood (HOOD) stock surged 5.08% during pre-market trading on Sunday, showing significant investor interest ahead of the company's upcoming financial results.
The price movement appears to be driven by anticipation surrounding Robinhood's fourth-quarter earnings report scheduled for February 10. With the stock down approximately 27% year-to-date according to recent reports, investors may be positioning themselves ahead of the earnings announcement, potentially expecting positive results or guidance from the trading platform.