HOOD is trading at $76.69 (+7.01%) after announcing a partnership with fintech firm Pinwheel to enhance banking services via easier direct deposit switching.
- The collaboration aims to simplify the process for users to move their paychecks to the platform, which initially drove a 4.06% pre-market surge to $74.58.
- Strength in the crypto market provides additional tailwinds, with BTC up +2.08% and ETH up +5.78% since the last close, aligning with the company's significant crypto exposure.
[Hero News ID: 69de39d13a7550278742902c]