Previous close | 3.8000 |
Open | 3.9000 |
Bid | 4.2000 |
Ask | 4.3000 |
Strike | 21.00 |
Expiry date | 2024-11-15 |
Day's range | 3.8000 - 3.9500 |
Contract range | N/A |
Volume | |
Open interest | 91 |
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.