On September 21, Robinhood rose 4.92% in regular trading, trading at $123.50/share, with turnover of $516 million.

On the news front, the SEC recently launched a five-year innovation exemption framework for tokenized stock trading, establishing a temporary regulatory pathway for on-chain equity token transactions. Robinhood, as a core participant in the tokenized stock space, is a direct beneficiary. Its Robinhood Chain, now 70 days since launch, has generated $42.58 million in total revenue, with TVL approaching $1 billion and on-chain tokenized stock trading volume exceeding $3 billion. Cumulative DEX volume on the chain has surpassed $60 billion.

Institutional support continues to build. Ark Invest recently purchased 27,083 shares of Robinhood valued at $3.18 million. Multiple Wall Street firms have raised their price targets, with Goldman Sachs adjusting to $142, Mizuho to $140, and Deutsche Bank to $138, all maintaining buy ratings. The consensus target price stands at approximately $133. Additionally, Robinhood announced a multi-year prediction markets partnership with OG.com and secured equity stakes in both Crypto.com and OG.com.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)