Robinhood Markets Inc. ($HOOD) experienced a significant increase in its stock price, rising by 3.7% overnight and continuing to climb by 6% during the trading day. The stock's performance was highlighted by its recovery from a low of $35 to reaching a new target of $50, as noted by various market analysts. The stock also peaked above its 50-day moving average and hit $48 after dropping to $33. The surge in Robinhood's stock price was accompanied by substantial trading activity, including the sale of approximately $2 million in put options, indicating strong investor interest and confidence in the stock's upward trajectory. Some investors took profits, with one reporting a 55% gain, while others adjusted their stop-loss levels to $45. This movement was part of a broader trend where Robinhood was among the top performers in the large-cap stock category for the week of March 17-21, with a gain of 13.05%.