Robinhood Markets Inc’s recently made public that its Chief Legal Officer Gallagher Daniel Martin Jr unloaded Company’s shares for reported $0.28 million on Oct 03 ’24. In the deal valued at $22.37 per share,12,500 shares were sold. As a result of this transaction, Gallagher Daniel Martin Jr now holds 1,057,500 shares worth roughly $24.66 million.
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Then, VLADIMIR TENEV bought 500,000 shares, generating $11,215,000 in total proceeds.
Before that, DANIEL MARTIN GALLAGHER bought 12,500 shares. Robinhood Markets Inc shares valued at $282,875 were divested by the Officer at a price of $22.63 per share.
Barclays upgraded its Robinhood Markets Inc [HOOD] rating to an Equal weight from a an Underweight in a research note published on September 06, 2024; the price target was increased to $20 from $18. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. Piper Sandler also remained covering HOOD and has increased its forecast on August 12, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Citigroup revised its rating on August 05, 2024. It rated HOOD as “a Neutral” which previously was an “a Sell”.
Price Performance Review of HOOD
On Monday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 1.88% to $23.32. Over the last five days, the stock has lost -0.43%. Robinhood Markets Inc shares have risen nearly 83.05% since the year began. Nevertheless, the stocks have risen 139.67% 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 $20.63, while 200 days put it at $18.21.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 22.89, which if violated will result in even more drops to 22.45. On the upside, there is a resistance level at 23.59. A further resistance level may holdings at 23.86. The Relative Strength Index (RSI) on the 14-day chart is 60.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.94%. Stochastics %K at 45.60% 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 2024-09-13, dropping by -9.91 million shares to a total of 23.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 33.69 million shares. There was a decline of -41.65%, which implies that there is a negative sentiment for the stock.
