Robinhood Markets Inc’s recent filing unveils that its Director Bhatt Baiju unloaded Company’s shares for reported $2.6 million on Oct 17 ’24. In the deal valued at $26.40 per share,98,404 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 98,404 shares, generating $2,650,020 in total proceeds.
Before that, Quirk Steven M. sold 208,291 shares. Robinhood Markets Inc shares valued at $5,202,943 were divested by the Chief Brokerage Officer at a price of $24.98 per share. As a result of the transaction, Quirk Steven M. now holds 346,020 shares, worth roughly $9.65 million.
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 3.03% to $27.88. Over the last five days, the stock has gained 3.37%. Robinhood Markets Inc shares have risen nearly 118.84% since the year began. Nevertheless, the stocks have risen 206.37% over the past one year. While a 52-week high of $27.75 was reached on 10/28/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $22.99, while 200 days put it at $19.27.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 27.52, which if violated will result in even more drops to 27.15. On the upside, there is a resistance level at 28.24. A further resistance level may holdings at 28.59. The Relative Strength Index (RSI) on the 14-day chart is 70.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.62%. Stochastics %K at 89.19% indicates the stock is a selling.
How much short interest is there in Robinhood Markets Inc?
A steep rise in short interest was recorded in Robinhood Markets Inc stocks on 2024-10-15, dropping by -1.05 million shares to a total of 22.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 23.78 million shares. There was a decline of -4.61%, which implies that there is a negative sentiment for the stock.
