In a filing, Robinhood Markets Inc revealed its Chief Technology Officer Pinner Jeffrey Tsvi unloaded Company’s shares for reported $0.25 million on Jan 06 ’25. In the deal valued at $42.64 per share,5,876 shares were sold. As a result of this transaction, Pinner Jeffrey Tsvi now holds 5,876 shares worth roughly $0.24 million.
Then, Bhatt Baiju sold 228,645 shares, generating $9,229,736 in total proceeds. Upon selling the shares at $40.37, the Director now owns 0 shares.
Before that, Gallagher Daniel Martin Jr sold 100,000 shares. Robinhood Markets Inc shares valued at $4,045,320 were divested by the Chief Legal Officer at a price of $40.45 per share. As a result of the transaction, Gallagher Daniel Martin Jr now holds 731,642 shares, worth roughly $29.32 million.
JP Morgan upgraded its Robinhood Markets Inc [HOOD] rating to a Neutral from a an Underweight in a research note published on January 07, 2025; the price target was increased to $43 from $20. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early December from “an Equal weight” to “an Overweight”. Goldman also remained covering HOOD and has increased its forecast on December 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on November 25, 2024. It rated HOOD as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of HOOD
On Friday, Robinhood Markets Inc [NASDAQ:HOOD] saw its stock fall -1.79% to $40.08. Over the last five days, the stock has gained 1.62%. Robinhood Markets Inc shares have risen nearly 7.57% since the year began. Nevertheless, the stocks have risen 228.52% over the past one year. While a 52-week high of $43.83 was reached on 01/07/25, a 52-week low of $10.38 was recorded on 01/02/25. SMA at 50 days reached $35.96, while 200 days put it at $24.77.
Levels Of Support And Resistance For HOOD Stock
The 24-hour chart illustrates a support level at 39.06, which if violated will result in even more drops to 38.05. On the upside, there is a resistance level at 40.81. A further resistance level may holdings at 41.55. The Relative Strength Index (RSI) on the 14-day chart is 53.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.90%. Stochastics %K at 71.41% 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.
