Robinhood Stock Surges, Former Disney Executives Kevin Mayer and Tom Staggs on Acquiring Hello Sunshine & Coursera CEO Post-Earnings
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 4 August 2021
⏱️ 42 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | I'm John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:07.0 | Good Wednesday morning. Welcome to Tech Check. I'm Carl Cantonia with John Fort and Dear Dr. Bosa today. |
| 0:12.3 | Oh, the memories. Robin Hood surges as Robin Hood traders find a new name to chase. Then this stock is |
| 0:18.9 | crashing after earnings why investors pulled a U-turn on Lyft today. |
| 0:22.8 | And later, winter is coming, but not today. Activism Blizzard posts strong results, a lot more on |
| 0:28.5 | the gaming names this hour, John. Yeah, we're going to start with Robin Hood. Avalimor |
| 0:32.8 | morning for what appears to be the next hot stock. Hood is the most searched and mentioned name |
| 0:37.0 | on multiple platforms |
| 0:38.6 | today, and this follows a 24% surge in shares to close yesterday's trade. On volume, Robin Hood |
| 0:45.5 | has already traded more than a half of its 30-day average. The stock currently up 33.5% to 6250, a share in a session where it's been halted several times, Steve. |
| 1:00.6 | Yeah, John, another one of those days, this time Robin Hood. |
| 1:03.7 | And for more on that, let's bring it. |
| 1:05.3 | MKM's Roheed Culcarnie, who was one of the first analysts to publish on the stock. |
| 1:09.9 | Roheet, are we seeing a different kind of meme stock here? |
| 1:13.0 | One that, dare I say, could be based on fundamentals |
| 1:16.9 | or maybe a better case for fundamentals. |
| 1:19.2 | We've talked about this huge, young user base |
| 1:21.9 | that may be going to Robin Hood in the future |
| 1:24.7 | for more financial products, right? |
| 1:26.8 | That is if Latenev and team can deliver. |
| 1:30.4 | Yeah, absolutely, but I can't help but wonder that there is some sort of poetic justice |
| 1:35.7 | here for Robin Hood, as in you help start the meme stock or Reddit trade earlier this year, |
... |
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