Investing in Roper Technologies Inc (ROP) Is Getting More Attractive

Roper Technologies Inc’s recent filing unveils that its Director WRIGHT CHRISTOPHER unloaded Company’s shares for reported $0.11 million on Mar 18 ’24. In the deal valued at $549.71 per share,200 shares were sold. As a result of this transaction, WRIGHT CHRISTOPHER now holds 35,547 shares worth roughly $19.41 million.

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Then, WRIGHT CHRISTOPHER sold 300 shares, generating $164,100 in total proceeds. Upon selling the shares at $547.00, the Director now owns 35,747 shares.

Before that, JOHNSON ROBERT D sold 250 shares. Roper Technologies Inc shares valued at $134,562 were divested by the Director at a price of $538.25 per share. As a result of the transaction, JOHNSON ROBERT D now holds 5,346 shares, worth roughly $2.92 million.

Oppenheimer reiterated its Roper Technologies Inc [ROP] rating to an Outperform in a research note published on March 22, 2024; the price target was $650. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Market perform”. Jefferies started covering the stock on June 27, 2023. It rated ROP as “a Buy”.

Price Performance Review of ROP

On Tuesday, Roper Technologies Inc [NASDAQ:ROP] saw its stock fall -1.39% to $545.94. Over the last five days, the stock has lost -0.91%. Roper Technologies Inc shares have risen nearly 0.14% since the year began. Nevertheless, the stocks have risen 24.93% over the past one year. While a 52-week high of $565.00 was reached on 04/01/24, a 52-week low of $430.03 was recorded on 01/05/24. SMA at 50 days reached $548.92, while 200 days put it at $514.11. A total of 0.78 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For ROP Stock

The 24-hour chart illustrates a support level at 541.95, which if violated will result in even more drops to 537.96. On the upside, there is a resistance level at 551.40. A further resistance level may holdings at 556.86. The Relative Strength Index (RSI) on the 14-day chart is 45.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 83.91%. Stochastics %K at 51.64% indicates the stock is a holding.

How much short interest is there in Roper Technologies Inc?

A steep rise in short interest was recorded in Roper Technologies Inc stocks on Mar 15, 2024, dropping by -0.18 million shares to a total of 1.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.36 million shares. There was a decline of -15.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.09.

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