The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Robinhood Markets Inc shares valued at $5,202,943 were sold by Quirk Steven M. on Oct 08 ’24. At $24.98 per share, Quirk Steven M. sold 208,291 shares. The insider’s holdings dropped to 346,020 shares worth approximately $8.82 million following the completion of this transaction.
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Also, Malka Meyer sold 3,225,806 shares, netting a total of over 80,878,698 in proceeds. Following the sale of shares at $25.07 each, the insider now holds 29,357,336 shares.
Before that, Tenev Vladimir had sold 250,000 shares from its account. In a trade valued at $5,720,375, the Chief Executive Officer traded Robinhood Markets Inc shares for $22.88 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 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
During the last five days, there has been a surge of approximately 13.69%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 100.16%. Shares of the company reached a 52-week high of $25.87 on 10/10/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $20.92, while a 200-day SMA reached $18.40. Nevertheless, trading volume fell to 12.96 million shares from 22.2 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 24.85, which, if violated, would cause prices to drop to 24.19. In the upper region, resistance lies at 26.01. The next price resistance is at 26.52. RSI (Relative Strength Index) is 70.42 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.16, which suggests the price will increase in the coming days. Percent R is at 9.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
