Robinhood Markets Inc’s recent filing unveils that its Chief Executive Officer Tenev Vladimir unloaded Company’s shares for reported $0.43 million on May 02 ’24. In the deal valued at $17.04 per share,25,049 shares were sold. As a result of this transaction, Tenev Vladimir now holds 32,584 shares worth roughly $0.58 million.
Then, Warnick Jason sold 5,000 shares, generating $83,602 in total proceeds. Upon selling the shares at $16.72, the Chief Financial Officer now owns 997,407 shares.
Before that, Bhatt Baiju sold 154,160 shares. Robinhood Markets Inc shares valued at $2,714,835 were divested by the Director at a price of $17.61 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 -0.95% to $17.78. Over the last five days, the stock has gained 2.54%. Robinhood Markets Inc shares have risen nearly 39.56% since the year began. Nevertheless, the stocks have risen 109.67% 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 $17.66, while 200 days put it at $12.45. A total of 18.38 million shares were traded, compared to the trading of 7.54 million shares in the previous session.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 17.35, which if violated will result in even more drops to 16.93. On the upside, there is a resistance level at 18.33. A further resistance level may holdings at 18.89. The Relative Strength Index (RSI) on the 14-day chart is 52.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.63%. Stochastics %K at 72.29% 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.
