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 price action 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 all time record prices today.
- The Dow reach day high of 35158.31. The current price is at 35141.75
- The S&P reach day high of 4429.70. The current price is at 4428.30
The NASDAQ index is up 58 points or 0.39% at 14820.86. It’s high price today has reached 14833.70.
PS the price is currently trading below the $37 level
This article was originally published by Forexlive.com. Read the original article here.