Why Is Robinhood (HOOD) Stock Rocketing Higher TodayShares of financial services company Robinhood (NASDAQ:HOOD) jumped 7.9% in the afternoon session after crypto strength and retail trading activity continued to lift digital-asset brokerages following Bitcoin’s rebound earlier in the week. According to TipRanks, the move gained traction as Bitcoin climbed above $77,000, lifting volumes and operational leverage for retail brokerages. Wall Street stayed constructive, with Goldman Sachs and Needham both carrying $123 price targets after recent rais