In a filing, Robinhood Markets Inc revealed its Chief Executive Officer Tenev Vladimir unloaded Company’s shares for reported $4.67 million on Apr 04 ’24. In the deal valued at $18.67 per share,250,000 shares were sold. As a result of this transaction, Tenev Vladimir now holds 0 shares worth roughly $0.0.
Then, Warnick Jason sold 5,000 shares, generating $97,960 in total proceeds. Upon selling the shares at $19.59, the Chief Financial Officer now owns 1,002,407 shares.
Before that, Bhatt Baiju sold 16,667 shares. Robinhood Markets Inc shares valued at $286,129 were divested by the Chief Creative Officer at a price of $17.17 per share. As a result of the transaction, Bhatt Baiju now holds 0 shares, worth roughly $0.0.
Keefe Bruyette initiated its Robinhood Markets Inc [HOOD] rating to a Mkt perform in a research note published on April 03, 2024; the price target was $20. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Overweight”‘ rating for it. Bernstein began covering HOOD with “an Outperform” recommendation on March 14, 2024. Redburn Atlantic started covering the stock on December 01, 2023. It rated HOOD as “a Neutral”.
Price Performance Review of HOOD
On Monday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 0.87% to $18.56. Over the last five days, the stock has lost -4.38%. Robinhood Markets Inc shares have risen nearly 45.68% since the year began. Nevertheless, the stocks have risen 90.36% over the past one year. While a 52-week high of $20.55 was reached on 03/27/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $15.49, while 200 days put it at $11.81. A total of 9.21 million shares were traded, compared to the trading of 8.63 million shares in the previous session.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 18.30, which if violated will result in even more drops to 18.04. On the upside, there is a resistance level at 18.96. A further resistance level may holdings at 19.36. The Relative Strength Index (RSI) on the 14-day chart is 57.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.62%. Stochastics %K at 46.04% indicates the stock is a holding.
How much short interest is there in Robinhood Markets Inc?
A steep rise in short interest was recorded in Robinhood Markets Inc stocks on Mar 15, 2024, dropping by -3.99 million shares to a total of 32.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 36.19 million shares. There was a decline of -12.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.62.
The most recent change occurred on October 11, 2023 when Needham began covering the stock and recommended ‘”a Hold”‘ rating .
