Wonders of wonders. It opens at the IPO price
The price of Robinhood, the retail online trading platform, has opened at $38 a share. That was the proposed IPO price. The stock is currently trading in volatile faction above and below the $38 level.
Relatively speaking, trading near the IPO price is not a great signal.
Meanwhile the Dow and S&P have traded to a new record prices today.
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