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 $2,597,895 were sold by Bhatt Baiju on Oct 17 ’24. At $26.40 per share, Bhatt Baiju sold 98,404 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BAIJU PRAFULKUMAR BHATT LIVING purchased 98,404 shares, netting a total of over 2,650,020 in proceeds.
Before that, Quirk Steven M. had sold 208,291 shares from its account. In a trade valued at $5,202,943, the Chief Brokerage Officer traded Robinhood Markets Inc shares for $24.98 each. Upon closing the transaction, the insider’s holdings decreased to 208,291 shares, worth approximately $8.13 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 drop of approximately -13.70%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 84.38%. Shares of the company reached a 52-week high of $28.58 on 10/30/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $23.38, while a 200-day SMA reached $19.51. Nevertheless, trading volume fell to 45.58 million shares from 26.66 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 22.27, which, if violated, would cause prices to drop to 21.04. In the upper region, resistance lies at 25.60. The next price resistance is at 27.70. RSI (Relative Strength Index) is 39.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 93.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
