Robinhood Jumps 6.61% to $88.33 as PDT Rule Ends

On June 5, Robinhood shares surged after the SEC eliminated the 25-year-old Pattern Day Trader rule effective June 4, 2026. The change replaces the $25,000 equity minimum with an intraday risk-based margin system, immediately unlocking frequent day trading for small retail accounts. Brokerages including Robinhood have wiped PDT flags and are projecting higher retention and volumes, with Webull forecasting ~20% transaction growth. The move is viewed as broadly bullish for retail-focused platforms while introducing new intraday leverage dynamics across U.S. equities.