Ross Stores, Inc.’s filing revealed that its PRESIDENT, CMO DD’S DISCOUNTS Fleming Karen acquired Company’s shares for reported $5230.0 on Apr 01 ’24. In the deal valued at $147.51 per share,35 shares were bought. As a result of this transaction, Fleming Karen now holds 65,608 shares worth roughly $8.78 million.
Then, KOBAYASHI MICHAEL K sold 13,860 shares, generating $2,043,757 in total proceeds. Upon selling the shares at $147.46, the PRES., CHIEF CAPABILITY OFC’R now owns 61,657 shares.
Before that, RENDA LARREE M sold 4,168 shares. Ross Stores, Inc. shares valued at $616,405 were divested by the Director at a price of $147.89 per share. As a result of the transaction, RENDA LARREE M now holds 3,166 shares, worth roughly $0.42 million.
Telsey Advisory Group reiterated its Ross Stores, Inc. [ROST] rating to a Market perform in a research note published on March 06, 2024; the price target was $160. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late February from “a Sell” to “a Neutral”. Cleveland Research also remained covering ROST and has increased its forecast on February 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on November 07, 2023. It rated ROST as “an Outperform”.
Price Performance Review of ROST
On Monday, Ross Stores, Inc. [NASDAQ:ROST] saw its stock jump 0.32% to $133.77. Over the last five days, the stock has gained 0.09%. Ross Stores, Inc. shares have fallen nearly -3.34% since the year began. Nevertheless, the stocks have risen 26.16% over the past one year. While a 52-week high of $151.12 was reached on 02/29/24, a 52-week low of $99.00 was recorded on 04/19/24. SMA at 50 days reached $143.72, while 200 days put it at $128.41. A total of 2.19 million shares were traded, compared to the trading of 3.12 million shares in the previous session.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 132.99, which if violated will result in even more drops to 132.21. On the upside, there is a resistance level at 134.62. A further resistance level may holdings at 135.47. The Relative Strength Index (RSI) on the 14-day chart is 32.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.46%. Stochastics %K at 12.19% indicates the stock is a buying.
