
Robinhood shares fly again, soaring as much as 80%
CBSN
Shares of Robinhood — the brokerage app popular among millennials for its commission-free trading — surged again on Wednesday, rising so much that trading was temporarily brought to a halt three times in the first 30 minutes of trade.
With less than a hour of trade remaining, the online broker was up 48% at $69.39, as of 1:45 p.m., accelerating what's already been a blistering week of gains. Earlier, the stock was briefly up by 81% to hit $85 a share. The comeback was all that much more remarkable after last week's lackluster debut for the stock, when it sank 8.4% from its initial price of $38 on Thursday. Even ahead of its initial public offering, experts warned that Robinhood's stock could be primed for a more jagged ride than others on Wall Street because of its popularity among smaller investors.
Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.