Robinhood Markets Inc’s recently made public that its Officer JASON WARNICK acquired Company’s shares for reported $1.62 million on Nov 18 ’24. In the deal valued at $32.32 per share,50,000 shares were bought.
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Then, Malka Meyer sold 2,791,306 shares, generating $84,426,958 in total proceeds. Upon selling the shares at $30.25, the Director now owns 26,138,937 shares.
Before that, Malka Meyer sold 321,218 shares. Robinhood Markets Inc shares valued at $9,638,275 were divested by the Director at a price of $30.01 per share. As a result of the transaction, Malka Meyer now holds 29,036,118 shares, worth roughly $1.02 billion.
Needham upgraded its Robinhood Markets Inc [HOOD] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early September from “an Underweight” to “an Equal weight”. Deutsche Bank also remained covering HOOD and has increased its forecast on August 15, 2024 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler revised its rating on August 12, 2024. It rated HOOD as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HOOD
On Monday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 8.29% to $35.00. Over the last five days, the stock has gained 6.71%. Robinhood Markets Inc shares have risen nearly 174.73% since the year began. Nevertheless, the stocks have risen 340.81% over the past one year. While a 52-week high of $34.32 was reached on 11/18/24, a 52-week low of $7.91 was recorded on 01/19/24. SMA at 50 days reached $25.77, while 200 days put it at $20.66.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 33.40, which if violated will result in even more drops to 31.79. On the upside, there is a resistance level at 36.11. A further resistance level may holdings at 37.22. The Relative Strength Index (RSI) on the 14-day chart is 73.75, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.88%. Stochastics %K at 86.30% 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 2024-10-31, dropping by -6.69 million shares to a total of 19.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 26.65 million shares. There was a decline of -33.52%, which implies that there is a negative sentiment for the stock.
