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 $2,715,394 were sold by Bhatt Baiju on Nov 05 ’24. At $24.92 per share, Bhatt Baiju sold 108,964 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Bullfrog Capital, L.P. purchased 105,875 shares, netting a total of over 3,161,428 in proceeds.
Before that, Tenev Vladimir had sold 250,000 shares from its account. In a trade valued at $6,052,800, the Chief Executive Officer traded Robinhood Markets Inc shares for $24.21 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 24.99%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 130.46%. Shares of the company reached a 52-week high of $30.06 on 11/06/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $23.96, while a 200-day SMA reached $19.90. Nevertheless, trading volume fell to 24.77 million shares from 49.59 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 28.67, which, if violated, would cause prices to drop to 27.99. In the upper region, resistance lies at 30.04. The next price resistance is at 30.73. RSI (Relative Strength Index) is 63.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 9.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
