04:46 PM EDT, 05/28/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) said Tuesday its board approved a $1 billion share repurchase program.

Scheduled to begin in Q3, the company expects to conduct repurchases over a two to three-year period under the program for its outstanding class A common shares.

Shares of the company were up 3.1% in after-hours activity.

Price: 21.10, Change: +0.63, Percent Change: +3.08