Previous close | 0.9300 |
Open | 1.3000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 30.00 |
Expiry date | 2024-09-20 |
Day's range | 0.9200 - 1.3500 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Brokerage firm Robinhood Markets unveiled lower interest rates on margin investing, a move the company hopes will accelerate its goal of winning more wallet share from retail investors. The new margin rates range from 5.7% to 6.75% based on a customer’s margin balance, the company said Tuesday. For example, a customer with a $50,000 margin balance will pay 6.75% compared with 12% previously.
Coinbase, Robinhood, Reddit, GameStop and MicroStrategy have been highlighted in this Investment Ideas article.
The Goldman Sachs, Morgan Stanley, Piper Sandler, Interactive Brokers and Robinhood are included in this Analyst Blog.