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 $3,794,564 were purchased by BAIJU PRAFULKUMAR BHATT LIVING on Jan 15 ’25. At $41.76 per share, BAIJU PRAFULKUMAR BHATT LIVING acquired 90,866 shares.
Also, Pinner Jeffrey Tsvi sold 5,876 shares, netting a total of over 250,556 in proceeds. Following the sale of shares at $42.64 each, the insider now holds 5,876 shares.
Before that, Bhatt Baiju had sold 228,645 shares from its account. In a trade valued at $9,229,736, the Director traded Robinhood Markets Inc shares for $40.37 each. Upon closing the transaction, the insider’s holdings decreased to 228,645 shares, worth approximately $0.0.
As published in a research note from JP Morgan on January 07, 2025, Robinhood Markets Inc [HOOD] has been rated up from an Underweight to a Neutral and the price target has been revised to $43 from $20. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of December 06, 2024, Goldman has increased its “Neutral” rating to a “Buy” for HOOD. Earlier on November 25, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for HOOD stock which previously was a “an Equal-weight”.
Analyzing HOOD Stock Performance
During the last five days, there has been a surge of approximately 12.33%. Over the course of the year, Robinhood Markets Inc shares have jumped approximately 22.28%. Shares of the company reached a 52-week high of $46.22 on 01/15/25 and a 52-week low of $37.35 on 01/02/25. A 50-day SMA is recorded $36.90, while a 200-day SMA reached $25.10. Nevertheless, trading volume fell to 32.11 million shares from 32.5 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 44.06, which, if violated, would cause prices to drop to 42.56. In the upper region, resistance lies at 46.64. The next price resistance is at 47.72. RSI (Relative Strength Index) is 65.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.85, which suggests the price will increase in the coming days. Percent R is at 7.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
