Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Robinhood Markets Inc shares valued at $1,750,000 were sold by Warnick Jason on Nov 18 ’24. At $35.00 per share, Warnick Jason sold 50,000 shares. The insider’s holdings dropped to 962,032 shares worth approximately $33.76 million following the completion of this transaction.
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Also, JASON WARNICK purchased 50,000 shares, netting a total of over 1,616,000 in proceeds.
Before that, Malka Meyer had sold 2,791,306 shares from its account. In a trade valued at $84,426,958, the Director traded Robinhood Markets Inc shares for $30.25 each. Upon closing the transaction, the insider’s holdings decreased to 2,791,306 shares, worth approximately $917.22 million.
As published in a research note from Needham on November 18, 2024, Robinhood Markets Inc [HOOD] has been rated up from a Hold to a Buy and the price target has been revised to $40. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early September. As of August 15, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for HOOD. Earlier on August 12, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HOOD stock which previously was a “a Neutral”.
Analyzing HOOD Stock Performance
During the last five days, there has been a surge of approximately 8.91%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 175.43%. Shares of the company reached a 52-week high of $38.11 on 11/20/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $26.66, while a 200-day SMA reached $21.03. Nevertheless, trading volume fell to 26.93 million shares from 36.0 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 34.10, which, if violated, would cause prices to drop to 33.12. In the upper region, resistance lies at 36.60. The next price resistance is at 38.11. RSI (Relative Strength Index) is 70.27 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.85, which suggests the price will increase in the coming days. Percent R is at 20.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
