Robinhood Markets Inc’s filing revealed that its Director Bhatt Baiju unloaded Company’s shares for reported $2.7 million on Aug 14 ’24. In the deal valued at $18.73 per share,143,944 shares were sold. As a result of this transaction, Bhatt Baiju now holds 0 shares worth roughly $0.0.
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Then, BAIJU PRAFULKUMAR BHATT LIVING bought 143,944 shares, generating $2,650,009 in total proceeds.
Before that, Tenev Vladimir sold 250,000 shares. Robinhood Markets Inc shares valued at $4,011,400 were divested by the Chief Executive Officer at a price of $16.05 per share. As a result of the transaction, Tenev Vladimir now holds 0 shares, worth roughly $0.0.
Deutsche Bank upgraded its Robinhood Markets Inc [HOOD] rating to a Buy from a a Hold in a research note published on August 15, 2024; the price target was increased to $24 from $21. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “an Overweight”. Citigroup also remained covering HOOD and has increased its forecast on August 05, 2024 with a “Neutral” recommendation from previously “Sell” rating. Wolfe Research revised its rating on June 26, 2024. It rated HOOD as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of HOOD
On Friday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 2.20% to $19.98. Over the last five days, the stock has gained 11.50%. Robinhood Markets Inc shares have risen nearly 56.83% since the year began. Nevertheless, the stocks have risen 96.07% over the past one year. While a 52-week high of $24.88 was reached on 07/17/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $21.47, while 200 days put it at $16.15.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 19.57, which if violated will result in even more drops to 19.17. On the upside, there is a resistance level at 20.21. A further resistance level may holdings at 20.45. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.59%. Stochastics%K at 70.20% indicates the stock is a holding.
How much short interest is there in Robinhood Markets Inc?
A steep rise in short interest was recorded in Robinhood Markets Inc stocks on 2024-07-31, dropping by -0.36 million shares to a total of 33.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 34.32 million shares. There was a decline of -1.05%, which implies that there is a negative sentiment for the stock.
