In a filing, Roper Technologies Inc revealed 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 $19.05 million.
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 $2.86 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 Friday, Roper Technologies Inc [NASDAQ:ROP] saw its stock fall -0.71% to $535.83. Over the last five days, the stock has lost -1.32%. Roper Technologies Inc shares have fallen nearly -1.71% since the year began. Nevertheless, the stocks have risen 21.10% 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 $547.26, while 200 days put it at $517.30. A total of 0.55 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For ROP Stock
The 24-hour chart illustrates a support level at 531.80, which if violated will result in even more drops to 527.78. On the upside, there is a resistance level at 542.38. A further resistance level may holdings at 548.94. The Relative Strength Index (RSI) on the 14-day chart is 40.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.11%. Stochastics %K at 8.90% indicates the stock is a buying.
