U.S. stock futures are edging higher and a recent bout of frenzied trading of Robinhood Markets looks set to fade on its plan to sell more shares. Here’s what we’re watching ahead of Thursday’s open.
Robinhood Markets shares were down more than 7% premarket after a filing from the company indicated that early investors could sell up to about 98 million shares. The investing platform operator wouldn’t receive the cash from these sales. Still, some shareholders felt hoodwinked after the announcement, posting in anger on trading forums like Reddit’s WallStreetBets. Investors had piled into Robinhood options …
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