The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ross Stores, Inc. shares valued at $5,230 were purchased by Fleming Karen on Apr 01 ’24. At $147.51 per share, Fleming Karen acquired 35 shares. The insider’s holdings grew to 65,608 shares worth approximately $9.18 million following the completion of this transaction.
Also, KOBAYASHI MICHAEL K sold 13,860 shares, netting a total of over 2,043,757 in proceeds. Following the sale of shares at $147.46 each, the insider now holds 61,657 shares.
Before that, RENDA LARREE M had sold 4,168 shares from its account. In a trade valued at $616,405, the Director traded Ross Stores, Inc. shares for $147.89 each. Upon closing the transaction, the insider’s holdings decreased to 4,168 shares, worth approximately $0.44 million.
As published in a research note from Telsey Advisory Group on March 06, 2024, Ross Stores, Inc. [ROST] has been retained to a Market perform and the price target has been revised to $160. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 08, 2024, Cleveland Research has increased its “Neutral” rating to a “Buy” for ROST. Earlier on November 07, 2023, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for ROST stock.
Analyzing ROST Stock Performance
During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, Ross Stores, Inc. shares have jumped approximately 1.12%. Shares of the company reached a 52-week high of $151.12 on 02/29/24 and a 52-week low of $134.28 on 01/09/24. A 50-day SMA is recorded $145.04, while a 200-day SMA reached $127.59. Nevertheless, trading volume fell to 1.71 million shares from 1.9 million shares the previous day.
Support And Resistance Levels for Ross Stores, Inc. (ROST)
According to the 24-hour chart, there is a support level at 138.67, which, if violated, would cause prices to drop to 137.39. In the upper region, resistance lies at 140.77. The next price resistance is at 141.59. RSI (Relative Strength Index) is 38.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.22, which suggests the price will decrease in the coming days. Percent R is at 73.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Ross Stores, Inc. subject to short interest?
Stocks of Ross Stores, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.39 million shares to 3.52 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.91 million shares. A decline of -11.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.45 of the overall float, the days-to-cover ratio (short ratio) decline to 1.45.
