The stock trading app, which has experienced a decrease in volume this year, is now offering extra hours in the morning and evening for its investors.
The company said it is adding four hours to the trading day. It will be available from 7 a.m. to 8 p.m. Time.
30 minutes before the open and 2 hours after the close were offered by Robinhood.
The U.S. stock market opens. As part of its regular session, it closes at 4:00 p.m. It is possible to access extended trading as early as 4 a.m. and as late as 8 p.m.
Customers often tell us that they can't invest on their own schedule or evaluate and react to important market news if they work during regular market hours.
Charles Schwab, Interactive Brokers and Fidelity offer extended trading from 7 a.m. to 8 p.m.
The Securities and Exchange Commission did not approve the extension of trading hours.
The business on the trading app slows and it looks for new ways to drive growth as its stock has been crushed this year. The market value of the company is $11.12 billion.
More than 10 million accounts were added in the last year alone, with the total number of net cumulative funded accounts at 22.7 million. The company gave a weak revenue forecast.
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