HOOD jumps in premarket trading after February activity levels explode

Shares of Robinhood rose more than 11% in premarket trading Thursday after the online platform reported. large volume increase In February.

In a post-market update on Wednesday, the company said trading activity had increased across all asset classes compared to January.

Stock volume increased 36% to $80.9 billion, options contract volume increased 12% to $119.1 million, and cryptocurrency volume increased 10% to $6.5 billion. Total assets under management reached $118.7 billion at the end of February, up 16% from January.