Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rollins, Inc. shares valued at $230,900 were sold by Krause Kenneth D. on Mar 13 ’24. At $46.18 per share, Krause Kenneth D. sold 5,000 shares. The insider’s holdings dropped to 99,078 shares worth approximately $4.42 million following the completion of this transaction.
Also, Tesh Thomas D sold 5,147 shares, netting a total of over 236,762 in proceeds. Following the sale of shares at $46.00 each, the insider now holds 35,387 shares.
Before that, Hornfeck Traci had sold 2,677 shares from its account. In a trade valued at $116,406, the PRINCIPAL ACCOUNTING OFFICER traded Rollins, Inc. shares for $43.48 each. Upon closing the transaction, the insider’s holdings decreased to 2,677 shares, worth approximately $0.64 million.
As published in their initiating research note from Goldman on January 02, 2024, Rollins, Inc. [ROL] has been a Buy and the price target has been revised to $49. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in late December. As of October 20, 2023, Stifel has increased its “Hold” rating to a “Buy” for ROL. Earlier on July 05, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for ROL stock.
Analyzing ROL Stock Performance
During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, Rollins, Inc. shares have jumped approximately 2.22%. Shares of the company reached a 52-week high of $47.45 on 03/20/24 and a 52-week low of $40.41 on 02/16/24. A 50-day SMA is recorded $44.57, while a 200-day SMA reached $41.31. Nevertheless, trading volume fell to 1.65 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Rollins, Inc. (ROL)
According to the 24-hour chart, there is a support level at 44.47, which, if violated, would cause prices to drop to 44.30. In the upper region, resistance lies at 44.97. The next price resistance is at 45.30. RSI (Relative Strength Index) is 44.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 94.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Rollins, Inc. subject to short interest?
Stocks of Rollins, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.56 million shares to 9.5 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 7.94 million shares. A jump of 16.42% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.98 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.98.
