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Checking in on T. Rowe Price Group Inc. (TROW) after recent insiders movement

T. Rowe Price Group Inc.’s recently made public that its Director HRABOWSKI FREEMAN A III unloaded Company’s shares for reported $1.03 million on Mar 08 ’24. In the deal valued at $118.32 per share,8,740 shares were sold. As a result of this transaction, HRABOWSKI FREEMAN A III now holds 21,073 shares worth roughly $2.36 million.

Then, Hiebler Jessica M sold 1,138 shares, generating $121,913 in total proceeds. Upon selling the shares at $107.13, the Principal Accounting Officer now owns 14,113 shares.

Before that, Thomson Andrew Justin Mackenzi sold 11,969 shares. T. Rowe Price Group Inc. shares valued at $1,267,618 were divested by the Vice President at a price of $105.91 per share. As a result of the transaction, Thomson Andrew Justin Mackenzi now holds 123,624 shares, worth roughly $13.86 million.

Keefe Bruyette upgraded its T. Rowe Price Group Inc. [TROW] rating to a Mkt perform from a an Underperform in a research note published on April 11, 2024; the price target was increased to $120 from $106. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early April from “a Sell” to “a Hold”. Wells Fargo also remained covering TROW and has decreased its forecast on January 08, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. TD Cowen started covering the stock on January 04, 2024. It rated TROW as “an Underperform”.

Price Performance Review of TROW

On Monday, T. Rowe Price Group Inc. [NASDAQ:TROW] saw its stock fall -1.70% to $112.08. Over the last five days, the stock has gained 0.52%. T. Rowe Price Group Inc. shares have risen nearly 4.08% since the year began. Nevertheless, the stocks have risen 1.13% over the past one year. While a 52-week high of $132.76 was reached on 03/28/24, a 52-week low of $87.43 was recorded on 02/13/24. SMA at 50 days reached $114.90, while 200 days put it at $108.39. A total of 1.96 million shares were traded, compared to the trading of 2.94 million shares in the previous session.

Levels Of Support And Resistance For TROW Stock

The 24-hour chart illustrates a support level at 110.48, which if violated will result in even more drops to 108.88. On the upside, there is a resistance level at 114.32. A further resistance level may holdings at 116.56. The Relative Strength Index (RSI) on the 14-day chart is 46.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.10%. Stochastics %K at 35.43% indicates the stock is a holding.

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