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Insider Selling Buzz: Robinhood Markets Inc [HOOD] Director Bhatt Baiju sold 154,160 shares of the company

In a filing, Robinhood Markets Inc revealed its Director Bhatt Baiju unloaded Company’s shares for reported $2.71 million on Apr 23 ’24. In the deal valued at $17.61 per share,154,160 shares were sold. As a result of this transaction, Bhatt Baiju now holds 0 shares worth roughly $0.0.

Then, Bhatt Baiju sold 16,667 shares, generating $285,994 in total proceeds. Upon selling the shares at $17.16, the Director now owns 0 shares.

Before that, Tenev Vladimir sold 250,000 shares. Robinhood Markets Inc shares valued at $4,668,675 were divested by the Chief Executive Officer at a price of $18.67 per share. As a result of the transaction, Tenev Vladimir 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 -3.02% to $17.34. Over the last five days, the stock has gained 0.87%. Robinhood Markets Inc shares have risen nearly 36.11% since the year began. Nevertheless, the stocks have risen 96.60% 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 $17.33, while 200 days put it at $12.33. A total of 8.37 million shares were traded, compared to the trading of 7.32 million shares in the previous session.

Levels Of Support And Resistance For HOOD Stock

The 24-hour chart illustrates a support level at 17.00, which if violated will result in even more drops to 16.65. On the upside, there is a resistance level at 17.99. A further resistance level may holdings at 18.63. The Relative Strength Index (RSI) on the 14-day chart is 48.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.01%. Stochastics %K at 37.95% 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.

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