AppLovin Robinhood Stocks Jump Monday. Why the Shares Are Surging.
1. Robinhood joins the S&P 500 index effective September 22. 2. Stock rose 7.5% in premarket trading due to index inclusion. 3. Market capitalization is around $93.3 billion. 4. Replacement of smaller companies indicates significant market positioning. 5. Last quarter's exclusion led to a notable stock drop.