HOOD is trading at $74.19 (+7.40%) following the announcement of a $1.5B share repurchase program and an expanded $3.25B credit facility.
- The buyback program signals strong board confidence in the company's valuation despite a 39% YTD decline.
- Shares are also benefiting from a rally in the crypto market (BTC +3.16%, ETH +2.92%) and broader market strength, with the NASDAQ gaining 1.50%.