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A company insider recently sold 250,000 shares of Robinhood Markets Inc [HOOD]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robinhood Markets Inc shares valued at $5,624,800 were sold by Tenev Vladimir on Jul 05 ’24. At $22.50 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.

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Also, Gallagher Daniel Martin Jr sold 12,500 shares, netting a total of over 284,990 in proceeds. Following the sale of shares at $22.80 each, the insider now holds 956,247 shares.

Before that, Bhatt Baiju had sold 121,226 shares from its account. In a trade valued at $2,622,712, the Director traded Robinhood Markets Inc shares for $21.63 each. Upon closing the transaction, the insider’s holdings decreased to 121,226 shares, worth approximately $0.0.

As published in a research note from Wolfe Research on June 26, 2024, Robinhood Markets Inc [HOOD] has been rated up from a Peer perform to an Outperform and the price target has been revised to $29. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of April 11, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for HOOD. Earlier on April 03, 2024, Keefe Bruyette initiated its rating. Their recommendation was “a Mkt perform” for HOOD stock.

Analyzing HOOD Stock Performance

During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 75.20%. Shares of the company reached a 52-week high of $24.28 on 06/12/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $20.64, while a 200-day SMA reached $14.65. Nevertheless, trading volume fell to 12.58 million shares from 10.58 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 21.98, which, if violated, would cause prices to drop to 21.63. In the upper region, resistance lies at 22.77. The next price resistance is at 23.21. RSI (Relative Strength Index) is 53.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 41.22%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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