Robinhood Markets Inc’s recently made public that its Director Bhatt Baiju unloaded Company’s shares for reported $2.62 million on Jun 20 ’24. In the deal valued at $21.63 per share,121,226 shares were sold. As a result of this transaction, Bhatt Baiju now holds 0 shares worth roughly $0.0.
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Then, Tenev Vladimir sold 250,000 shares, generating $5,258,275 in total proceeds. Upon selling the shares at $21.03, the Chief Executive Officer now owns 0 shares.
Before that, Gallagher Daniel Martin Jr sold 12,500 shares. Robinhood Markets Inc shares valued at $263,062 were divested by the Chief Legal Officer at a price of $21.05 per share. As a result of the transaction, Gallagher Daniel Martin Jr now holds 943,815 shares, worth roughly $21.51 million.
Wolfe Research upgraded its Robinhood Markets Inc [HOOD] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid May from “an Underperform” to “a Buy”. Citigroup also remained covering HOOD and has decreased its forecast on April 11, 2024 with a “Sell” recommendation from previously “Neutral” rating. Keefe Bruyette started covering the stock on April 03, 2024. It rated HOOD as “a Mkt perform”.
Price Performance Review of HOOD
On Monday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 0.35% to $22.79. Over the last five days, the stock has gained 6.64%. Robinhood Markets Inc shares have risen nearly 78.89% since the year began. Nevertheless, the stocks have risen 128.59% over the past one year. While a 52-week high of $24.28 was reached on 06/12/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $20.02, while 200 days put it at $14.29. A total of 11.12 million shares were traded, compared to the trading of 11.67 million shares in the previous session.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 22.44, which if violated will result in even more drops to 22.08. On the upside, there is a resistance level at 23.14. A further resistance level may holdings at 23.48. The Relative Strength Index (RSI) on the 14-day chart is 58.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.82%. Stochastics%K at 53.43% indicates the stock is a holding.
The most recent change occurred on March 28, 2024 when KeyBanc Capital Markets resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $22.
