10 Firms Defy Market Slump, Record Double-Digit Gains Last Week

8. Robinhood Markets Inc. (NASDAQ:HOOD)

Shares of Robinhood Markets surged by 26.6 percent on Friday to finish at $43.68 versus the $34.51 closing price on April 4 as investors snapped up shares in the company amid the volatile market environment.

A volatile trading equates to higher trading activity on the market and thus would benefit HOOD whose revenue streams are closely tied to trading volume.

In recent news, HOOD said it officially made a foray into the betting market platform through integrating the predictions market hub into its application which will allow investors to trade on the outcomes of some of the world’s biggest events.

At launch, the hub will allow customers to trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments.

The prediction markets hub and corresponding contracts will initially be available across the US through KalshiEX LLC, a CFTC-regulated exchange.