Robinhood (NASDAQ: HOOD) inventory value closed buying and selling at $105 on June 17, its highest degree in nearly six months, prompting Cathie Wooden’s Ark Make investments to e book income with a sale of 275,571 shares valued at $28.5 million.
ARK’s sale didn’t dent the HOOD inventory value rally or dent the sentiment, with Bernstein and Deutsche Financial institution reiterating a “purchase score” on the shares after the current restructuring plan that noticed Robinhood cut back its workforce by 10%.
HOOD shares have been up by 2.38% in pre-market buying and selling on June 18, as buy-side strain continues to rise.
HOOD Inventory Defies Revenue-Taking as Value Approaches 2026 Highs
Robinhood shares created one among their largest each day candles on June 17 as they opened buying and selling at $95 and soared to a each day excessive of $110 earlier than closing at $105.
The rise to $110 for the primary time since January 23, 2026, occurred regardless of experiences that ARK Make investments offered 275,572 shares barely every week after it offered one other 167,741 HOOD shares on June 11.
The 2 gross sales look like ARK Make investments taking income after the worth of Robinhood shares elevated by 38% within the final month, since Could 18. Nonetheless, Wall Avenue is betting that the rise may proceed.
On June 17, Bernstein and Deutsche Financial institution affirmed a “purchase” score for HOOD inventory, with Bernstein predicting that the worth will attain $130.
Robinhood’s Restructuring Plan is Fuelling The Rally
Robinhood lately introduced a $28 million restructuring plan that shall be mirrored in its Q3 2026 earnings, that are anticipated to return out in August 2026.
On this plan, the brokerage firm will trim 10% of its workforce, with Robinhood CEO Vlad Tenev saying that the corporate is shifting away from being a “heavily-layered group.”
“Robinhood’s enterprise has by no means been stronger… As a result of our monetary place is robust, we’re making this modification proactively,” Tenev mentioned.
For the reason that announcement got here out on June 16, HOOD inventory value has surged from $94 to $105.
The inventory’s rise additionally comes days after Bernstein gave a forecast on World Cup prediction markets, saying the section will drive a 286% enhance in Robinhood’s revenues in 2026 to $586 million.
The surge might raise HOOD’s Q3 earnings after Robinhood’s Q2 earnings missed Wall Avenue estimates, with revenues coming in at $1.07 billion, under the anticipated $1.14 billion.
HOOD Inventory Prediction: Key Ranges to Watch
The 200-day SMA degree of $102 is the primary key degree to observe in HOOD inventory after the worth rose above it on June 17.
A transfer previous the $200-day SMA means that the long-term outlook is favoring bulls, however the inventory must make three straight each day closes above it to verify the continuation of the uptrend.
The 161.8% Fib degree of $126 is the following resistance degree to observe if bulls can flip the 200-day SMA into assist.
The psychological assist degree lies at $100, and if HOOD drops under it, bears could retest the following assist on the 61.8% Fib degree of 87.
Nonetheless, the RSI studying of 69 reveals that the present momentum is favoring bulls, with the rising RSI line additional confirming sturdy buy-side strain.
