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StocksMediumUpdated•Originally published 24 March 2026•Updated 25 March 2026•

1 min read

Robinhood Launches $1.5 Billion Share Buyback Program to Support Stock Price

Key Facts

1Robinhood's (HOOD) board authorized a new $1.5 billion share repurchase program.

2 months ago

Version History

4 additional sources confirmed this story

Version 12 months ago

What changed: The story was updated to include the stock's 3.69% rally in pre-market trading on March 25, identifying specific price levels following the buyback announcement.

Robinhood Markets Inc. (HOOD) announced a new $1.5 billion share repurchase program, sparking an immediate positive reaction in the markets. On Wednesday, March 25, the stock rallied 3.69% in pre-market trading to reach $71.63, up from its previous close of $69.08. This move follows a significant decline where the stock crashed from its October peak of nearly $154. The new authorization adds to previous efforts, including a $1 billion program in May 2024 and a $500 million plan for April 2025. Management aims to return capital to shareholders and provide a liquidity floor for the stock amid recent market volatility. Despite the recent pressure, the stock remains up approximately 80% over the past year. Analysts view the buyback and the subsequent price rally as a strong signal of confidence in the company's intrinsic value and future prospects.