Shares in Robinhood were briefly halted three times Wednesday on the Nasdaq amid high volatility.
After shares dropped on its first day of trading to close at $35, shares surged Wednesday to as high as $85. As of 11:05am PT, shares were trading at about $72, up more than 50% on the day.
Some of the spike in share price was attributed to the stock's first day of options trading, according to WSJ. Options trading in all companies are a big source of Robinhood's revenue.