These 10 Firms Dominated Last Week’s Rally

6. Robinhood Markets Inc. (NASDAQ:HOOD)

Online trading firm Robinhood Markets Inc. (HOOD) saw its share prices rally by 23.07 percent week-on-week following twin news that its subsidiaries officially paid $45 million in penalties to settle a case filed by the Securities and Exchange Commission (SEC).

The penalties stemmed from violations of record keeping, and trade reporting, among other rules.

According to the SEC, Robinhood Securities LLC and Robinhood Financial LLC violated numerous requirements such as accurately reporting trading activity; filing timely reports of suspicious activity; maintaining records, and complying with short sale rules.

In other news, investment bank Morgan Stanley raised its price target for Robinhood Markets (HOOD) by 16 percent to $64 apiece from $55 previously, indicating a positive outlook for the company. The brokerage firm also gave Robinhood Markets an “overweight” rating.