On September 30, Robinhood rose 3.11% in after-hours trading, trading at $119.84/share, with turnover of approximately $10.58 million.

On the news front, Robinhood announced it will allow users to trade select U.S. stocks around the clock on weekends, marking the company's first-ever weekend trading feature and a significant step in the race toward 24/7 market access. The announcement coincided with the HOOD Summit held September 29-30, where CEO Vlad Tenev unveiled new products including tokenized stock updates, dividend reinvestment plan enhancements, prediction market capabilities, and perpetual futures trading for eligible U.S. clients.

On the analyst front, Deutsche Bank trimmed its price target to $134 from $138 while maintaining a Buy rating, and Rothschild raised its target to $85 from $80 but kept a Sell rating. The consensus mean target stands at approximately $134.74, well above the current price. Technically, the stock exhibits a bullish golden cross pattern, with the 50-day moving average sustained above the 200-day, confirming a longer-term uptrend. Notably, CEO Vladimir Tenev sold approximately $62.72 million in shares days before the summit, reducing his direct holdings by 97%, which had briefly weighed on sentiment earlier in the week.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)