In a filing, Robinhood Markets Inc revealed its Officer DANIEL MARTIN GALLAGHER acquired Company’s shares for reported $5.92 million on Jan 03 ’25. In the deal valued at $39.44 per share,150,000 shares were bought.
Then, BAIJU PRAFULKUMAR BHATT LIVING bought 228,645 shares, generating $9,017,759 in total proceeds.
Before that, Tenev Vladimir sold 750,000 shares. Robinhood Markets Inc shares valued at $29,372,100 were divested by the Chief Executive Officer at a price of $39.16 per share. As a result of the transaction, Tenev Vladimir now holds 0 shares, worth roughly $0.0.
Barclays upgraded its Robinhood Markets Inc [HOOD] rating to an Overweight from a an Equal weight in a research note published on December 09, 2024; the price target was increased to $49 from $26. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. Morgan Stanley also remained covering HOOD and has increased its forecast on November 25, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Needham revised its rating on November 18, 2024. It rated HOOD as “a Buy” which previously was an “a Hold”.
Price Performance Review of HOOD
On Friday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock jump 4.84% to $41.35. Over the last five days, the stock has gained 2.40%. Robinhood Markets Inc shares have risen nearly 10.98% since the year began. Nevertheless, the stocks have risen 250.72% over the past one year. While a 52-week high of $43.83 was reached on 01/03/25, a 52-week low of $10.38 was recorded on 01/02/25. SMA at 50 days reached $34.85, while 200 days put it at $24.32.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 39.79, which if violated will result in even more drops to 38.23. On the upside, there is a resistance level at 42.15. A further resistance level may holdings at 42.94. The Relative Strength Index (RSI) on the 14-day chart is 59.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.28%. Stochastics %K at 54.33% indicates the stock is a holding.
How much short interest is there in Robinhood Markets Inc?
A steep rise in short interest was recorded in Robinhood Markets Inc stocks on 2024-12-13, dropping by -9.21 million shares to a total of 14.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.85 million shares. There was a decline of -62.88%, which implies that there is a negative sentiment for the stock.
