Robinhood Markets Inc’s filing revealed that 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.
Citigroup downgraded its Robinhood Markets Inc [HOOD] rating to a Sell from a a Neutral in a research note published on April 11, 2024; the price target was increased to $16 from $13. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in early April with a ‘”a Mkt perform”‘ rating. KeyBanc Capital Markets also remained covering HOOD and reiterated its “an Overweight” recommendation on March 28, 2024. Bernstein started covering the stock on March 14, 2024. It rated HOOD as “an Outperform”.
Price Performance Review of HOOD
On Monday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock fall -4.34% to $17.19. Over the last five days, the stock has lost -7.38%. Robinhood Markets Inc shares have risen nearly 34.93% since the year began. Nevertheless, the stocks have risen 70.71% 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 $16.21, while 200 days put it at $12.02. A total of 14.07 million shares were traded, compared to the trading of 14.08 million shares in the previous session.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 16.69, which if violated will result in even more drops to 16.19. On the upside, there is a resistance level at 17.98. A further resistance level may holdings at 18.76. The Relative Strength Index (RSI) on the 14-day chart is 44.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.99%. Stochastics %K at 22.16% indicates the stock is a holding.
The most recent change occurred on December 01, 2023 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9.50 price target.
