TradingKey – Shares of Robinhood Markets (NASDAQ: HOOD) jumped 8.78% to $105.20 to end the week on June 17, moving above several Fibonacci extensions of the $78.91 low on heavy volume after a June 16 regulatory filing revealed a planned 10% reduction in workforce of some 290 employees, and management revealed that average daily trading volume through June 17 (month to date) hit all-time highs in equities, options, and prediction markets. On the heels of this news, multiple Wall Street analysts have raised their year-end price targets on Robinhood, including Deutsche Bank, Goldman Sachs, Needham, and Argus.

Argus, most recently, moved its price target to $110, from $90, while Robinhood reported $377 billion in platform assets at the end…