Rogers Corporation’s filing revealed that its Vice President – EMS Larabee Brian Keith unloaded Company’s shares for reported $41542.0 on Aug 24. In the deal valued at $138.47 per share,300 shares were sold. As a result of this transaction, Larabee Brian Keith now holds 2,888 shares worth roughly $ 0.42 million.
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Then, Roby Anne K bought 315 shares, generating $46,639 in total proceeds. Upon buying the shares at $148.06, the Director now owns 615 shares.
Before that, Lauzon Armand F Jr bought 3,350 shares. Rogers Corporation shares valued at $502,634 were divested by the Director at a price of $150.04 per share. As a result of the transaction, Lauzon Armand F Jr now holds 3,350 shares, worth roughly $0.49 million.
CJS Securities initiated its Rogers Corporation [ROG] rating to a Market outperform in a research note published on Friday, March 14, 2023; the price target was $185. PT values the company’s stock at a premium of 20.97 to its Friday closing price.
Price Performance Review of ROG
On Friday, Rogers Corporation [NYSE:ROG] saw its stock jump 1.17% to $146.20. On the same session, the stock had its day’s lowest price of $144.57, but rose to a high of $148.11. Over the last five days, the stock has gained 7.00%. Rogers Corporation shares have risen nearly 22.51% since the year began. Nevertheless, the stocks have fallen -41.64% over the past one year. While a 52-week high of $258.50 was reached on 07/17/23, a 52-week low of $98.45 was recorded on 01/05/23. SMA at 50 days reached $155.90, while 200 days put it at $146.18. A total of 0.11 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For ROG Stock
The 24-hour chart illustrates a support level at 144.48, which if violated will result in even more drops to 142.75. On the upside, there is a resistance level at 148.02. A further resistance level may holdings at 149.83. The Relative Strength Index (RSI) on the 14-day chart is 48.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.62%. Stochastics %K at 67.42% indicates the stock is a holding.
How much short interest is there in Rogers Corporation?
A steep rise in short interest was recorded in Rogers Corporation stocks on Aug 14, 2023, dropping by 47170.0 shares to a total of 0.25 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.29 million shares. There was a decline of -19.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.89% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.
Rogers Corporation [ROG] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,705,681 shares, or roughly 14.54% of the outstanding ROG shares. In other words, the investor’s shares have fallen by -83,715 from its previous 13-F filing of 2789396.0. Additionally, The Vanguard Group, Inc. increased 1.79% of its stake after which the total value it holdings stand at $366,786,269, while Norges Bank Investment Management added 483.87% of its stake to hold $279.27 million in the firm. Over the last quarter, Capital Research & Management Co purchased 564,169 shares of Rogers Corporation, while Starboard Value LP bought -254,200 shares. At present, SSgA Funds Management, Inc. is holding 715,698 shares valued at $120.67 million. Victory Capital Management, Inc. owned 618,186 shares of the company at the time of its most recent 13F filing, worth $104.23 million.
According to FactSet, Rogers Corporation’s share price will average $210.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 45.32 percent from its previous closing price of $144.51. Analysts expect Rogers Corporation stock to reach the higher price of $215.00, while the lowest price estimate is $205.00. However, 2 analysts have rated ROG stock as a Buy in their predictions for 2023.