Reddit rose more than 9%, hitting its highest level since March. Retail brokerage stock Robinhood climbed 8%, cutting some of its losses from last week. Shares of Reddit and Robinhood rose sharply on Monday as social media-fueled retail trading appeared to be making a comeback. Both Reddit and Robinhood could theoretically benefit from a return of the retail trading frenzy. Robinhood had its initial public offering in July 2021, while Reddit went public in March of this year.

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Persons: Keith Gill, Gill, WallStreetBets chatroom, Robinhood, Reddit Organizations: New York Stock Exchange, GameStop, Robinhood Locations: New York City, Reddit