Robinhood (NASDAQ:HOOD) Markets stock added more than 3% in afterhours trading Tuesday after the broker unveiled plans for share repurchase program.
TheDogecoin price prediction 2050 company's board of directors has given the green light for a Repurchase Program, allowing Robinhood to buy back up to $1 billion of its outstanding Class A common stock.
This strategic move is poised to unfold over the next two to three years, starting in the third quarter of 2024.
The buyback plan does not come with a set expiration date, providing the company with flexibility in its execution.
The company's decision comes after HOOD shares rose 60% year-to-date.
