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 $2,650,020 were purchased by BAIJU PRAFULKUMAR BHATT LIVING on Oct 17 ’24. At $26.93 per share, BAIJU PRAFULKUMAR BHATT LIVING acquired 98,404 shares.
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Also, Quirk Steven M. sold 208,291 shares, netting a total of over 5,202,943 in proceeds. Following the sale of shares at $24.98 each, the insider now holds 346,020 shares.
Before that, Malka Meyer had sold 3,225,806 shares from its account. In a trade valued at $80,878,698, the Director traded Robinhood Markets Inc shares for $25.07 each. Upon closing the transaction, the insider’s holdings decreased to 3,225,806 shares, worth approximately $772.69 million.
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 3.22%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 106.59%. Shares of the company reached a 52-week high of $27.33 on 10/15/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $21.81, while a 200-day SMA reached $18.74. Nevertheless, trading volume fell to 11.46 million shares from 12.38 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 25.91, which, if violated, would cause prices to drop to 25.50. In the upper region, resistance lies at 26.90. The next price resistance is at 27.49. RSI (Relative Strength Index) is 67.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.89, which suggests the price will increase in the coming days. Percent R is at 19.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
