Robinhood and Reddit traders jump in stock prices

Düsseldorf It was one of the most exciting IPOs of the year, and if you want a little excitement as a shareholder, Robinhood is the best option. Neobroker went public on 29 July, and it went down eight percent that day. After four trading days, shares were quoted with a top 144 percent gain at around $85. Then it fell sharply to $54.

Hardly any expert dares to predict the future development. Josh Brown, CEO of Ritzholtz Wealth Management, told CNBC: “If you told me it was $30 at the end of the week, I’d believe you. If you tell me it’s $120 by the end of the week, that’s $30.” I will have faith in you too. You can convince me for every outcome.”