Robinhood Markets Inc’s filing revealed that its Director Malka Meyer unloaded Company’s shares for reported $84.43 million on Nov 08 ’24. In the deal valued at $30.25 per share,2,791,306 shares were sold. As a result of this transaction, Malka Meyer now holds 26,138,937 shares worth roughly $857.36 million.
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
Then, Malka Meyer sold 321,218 shares, generating $9,638,275 in total proceeds. Upon selling the shares at $30.01, the Director now owns 29,036,118 shares.
Before that, Malka Meyer sold 105,875 shares. Robinhood Markets Inc shares valued at $3,176,578 were divested by the Director at a price of $30.00 per share. As a result of the transaction, Malka Meyer now holds 28,930,243 shares, worth roughly $948.91 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 7.40% to $32.80. Over the last five days, the stock has gained 34.87%. Robinhood Markets Inc shares have risen nearly 157.46% since the year began. Nevertheless, the stocks have risen 313.62% over the past one year. While a 52-week high of $30.63 was reached on 11/11/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $24.42, while 200 days put it at $20.11.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 31.91, which if violated will result in even more drops to 31.03. On the upside, there is a resistance level at 34.00. A further resistance level may holdings at 35.21. The Relative Strength Index (RSI) on the 14-day chart is 71.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.43%. Stochastics %K at 91.83% 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.
