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 $59,338,714 were purchased by Bullfrog Capital, L.P. on Dec 04 ’24. At $38.64 per share, Bullfrog Capital, L.P. acquired 1,535,681 shares.
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Also, Quirk Steven M. sold 19,861 shares, netting a total of over 745,582 in proceeds. Following the sale of shares at $37.54 each, the insider now holds 395,166 shares.
Before that, Gallagher Daniel Martin Jr had sold 57,884 shares from its account. In a trade valued at $2,172,965, the Chief Legal Officer traded Robinhood Markets Inc shares for $37.54 each. Upon closing the transaction, the insider’s holdings decreased to 57,884 shares, worth approximately $44.78 million.
As published in a research note from Morgan Stanley on November 25, 2024, Robinhood Markets Inc [HOOD] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $55 from $24. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of September 06, 2024, Barclays has increased its “an Underweight” rating to a “an Equal weight” for HOOD. Earlier on August 15, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for HOOD stock which previously was a “a Hold”.
Analyzing HOOD Stock Performance
During the last five days, there has been a surge of approximately 9.83%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 213.97%. Shares of the company reached a 52-week high of $40.57 on 12/04/24 and a 52-week low of $10.38 on 01/19/24. A 50-day SMA is recorded $29.09, while a 200-day SMA reached $22.03. Nevertheless, trading volume fell to 35.04 million shares from 29.92 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 38.33, which, if violated, would cause prices to drop to 36.66. In the upper region, resistance lies at 41.12. The next price resistance is at 42.24. RSI (Relative Strength Index) is 75.64 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.44, which suggests the price will increase in the coming days. Percent R is at 6.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
