Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Robinhood Markets Inc shares valued at $282,875 were purchased by DANIEL MARTIN GALLAGHER on Oct 03 ’24. At $22.63 per share, DANIEL MARTIN GALLAGHER acquired 12,500 shares.
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Also, Gallagher Daniel Martin Jr sold 23,293 shares, netting a total of over 545,522 in proceeds. Following the sale of shares at $23.42 each, the insider now holds 1,070,000 shares.
Before that, Bhatt Baiju had sold 139,916 shares from its account. In a trade valued at $2,735,092, the Director traded Robinhood Markets Inc shares for $19.55 each. Upon closing the transaction, the insider’s holdings decreased to 139,916 shares, worth approximately $0.0.
As published in a research note from Barclays on September 06, 2024, Robinhood Markets Inc [HOOD] has been rated up from an Underweight to an Equal weight and the price target has been revised to $20 from $18. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 12, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for HOOD. Earlier on August 05, 2024, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for HOOD stock which previously was a “a Sell”.
Analyzing HOOD Stock Performance
Over the course of the year, Robinhood Markets Inc shares have jumped approximately 76.06%. Shares of the company reached a 52-week high of $24.88 on 07/17/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $20.55, while a 200-day SMA reached $18.10. Nevertheless, trading volume fell to 7.11 million shares from 11.47 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 22.08, which, if violated, would cause prices to drop to 21.74. In the upper region, resistance lies at 22.74. The next price resistance is at 23.06. RSI (Relative Strength Index) is 54.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 64.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
