Robinhood Shares Soar on Takeover Hopes

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Robinhood shares surged Monday on reports that cryptocurrency exchange FTX is exploring a potential acquisition of the brokerage

Markets Inc. shares surged Monday on reports that cryptocurrency exchange FTX is exploring a potential acquisition of the brokerage.

Shares climbed as much as 21% and closed up 14% at $9.12. The stock, which was briefly halted for volatility, has slumped 49% this year and briefly traded at about $80 in August.

 

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