Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Robinhood Markets Inc shares valued at $4,668,675 were sold by Tenev Vladimir on Apr 04 ’24. At $18.67 per share, Tenev Vladimir sold 250,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Warnick Jason sold 5,000 shares, netting a total of over 97,960 in proceeds. Following the sale of shares at $19.59 each, the insider now holds 1,002,407 shares.
Before that, Bhatt Baiju had sold 16,667 shares from its account. In a trade valued at $286,129, the Chief Creative Officer traded Robinhood Markets Inc shares for $17.17 each. Upon closing the transaction, the insider’s holdings decreased to 16,667 shares, worth approximately $0.0.
As published in a research note from Citigroup on April 11, 2024, Robinhood Markets Inc [HOOD] has been rated down from a Neutral to a Sell and the price target has been revised to $16 from $13. Analysts at Keefe Bruyette started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early April. As of March 28, 2024, KeyBanc Capital Markets has reiterated its “an Overweight” rating for HOOD. Earlier on March 14, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for HOOD stock.
Analyzing HOOD Stock Performance
During the last five days, there has been a surge of approximately 2.98%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 49.14%. Shares of the company reached a 52-week high of $20.55 on 03/27/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $15.94, while a 200-day SMA reached $11.94. Nevertheless, trading volume fell to 14.03 million shares from 7.94 million shares the previous day.
Support And Resistance Levels for Robinhood Markets Inc (HOOD)
According to the 24-hour chart, there is a support level at 18.12, which, if violated, would cause prices to drop to 17.23. In the upper region, resistance lies at 19.47. The next price resistance is at 19.93. RSI (Relative Strength Index) is 60.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 52.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Robinhood Markets Inc subject to short interest?
Stocks of Robinhood Markets Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -3.99 million shares to 32.2 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 36.19 million shares. A decline of -12.39% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.62 of the overall float, the days-to-cover ratio (short ratio) decline to 1.62.
