Home Stock Earnings The Attractiveness of Investing In Rogers Corporation (ROG) is Growing

The Attractiveness of Investing In Rogers Corporation (ROG) is Growing

The Attractiveness of Investing In Rogers Corporation (ROG) is Growing

Rogers Corporation’s recently made public that its SVP, GM of EMS Gouveia Randall Colin unloaded Company’s shares for reported $0.4 million on Aug 19. In the deal valued at $266.46 per share,1,502 shares were sold. As a result of this transaction, Gouveia Randall Colin now holds 8,230 shares worth roughly $ 0.87 million.

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Then, BARNES KEITH sold 400 shares, generating $104,080 in total proceeds. Upon selling the shares at $260.20, the Director now owns 1,820 shares.

CJS Securities downgraded its Rogers Corporation [ROG] rating to a Market perform from a a Market outperform in a research note published on Monday. PT values the company’s stock at a premium of 61.97 to its Monday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. Canaccord Genuity began covering ROG with “Buy” recommendation on May 26, 2021. Stifel started covering the stock on May 31, 2019. It rated ROG as “a Buy”.

Price Performance Review of ROG

On Monday, Rogers Corporation [NYSE:ROG] saw its stock fall -0.26% to $105.35. On the same session, the stock had its day’s lowest price of $103.50, but rose to a high of $109.96. Over the last five days, the stock has lost -55.23%. Rogers Corporation shares have fallen nearly -61.41% since the year began. Nevertheless, the stocks have fallen -60.91% over the past one year. While a 52-week high of $274.51 was reached on 04/19/22, a 52-week low of $104.97 was recorded on 11/07/22. SMA at 50 days reached $232.27, while 200 days put it at $258.94. A total of 1.07 million shares were traded, compared to the trading of 4.51 million shares in the previous session.

Levels Of Support And Resistance For ROG Stock

The 24-hour chart illustrates a support level at 102.58, which if violated will result in even more drops to 99.81. On the upside, there is a resistance level at 109.04. A further resistance level may holdings at 112.73. The Relative Strength Index (RSI) on the 14-day chart is 7.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -93.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.65%. Stochastics %K at 0.91% indicates the stock is a buying.

How much short interest is there in Rogers Corporation?

A steep rise in short interest was recorded in Rogers Corporation stocks on Jul 14, 2022, dropping by -0.53 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.8 million shares. There was a decline of -41.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.02.

Rogers Corporation [ROG] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,636,996 shares, or roughly 14.02% of the outstanding ROG shares. In other words, the investor’s shares have fallen by -21,011 from its previous 13-F filing of 2658007.0. Additionally, The Vanguard Group, Inc. decreased -0.10% of its stake after which the total value it holdings stand at $486,522,028, while JPMorgan Securities LLC added 167.85% of its stake to hold $152.24 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -6,758 shares of Rogers Corporation, while Dimensional Fund Advisors LP sold -77,758 shares. At present, Koch Industries, Inc. is holding 467,307 shares valued at $113.03 million. Alpine Associates Management, Inc owned 456,181 shares of the company at the time of its most recent 13F filing, worth $110.34 million.

According to FactSet, Rogers Corporation’s share price will average $277.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 162.26 percent from its previous closing price of $105.62. Analysts expect Rogers Corporation stock to reach the higher price of $277.00, while the lowest price estimate is $277.00. However, 1 analyst have rated ROG stock as a Hold in their predictions for 2022. The most recent change occurred on February 21, 2019 when B. Riley FBR resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $160.


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