KD Logo

Roper Technologies Inc [NASDAQ: ROP] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roper Technologies Inc shares valued at $109,941 were sold by WRIGHT CHRISTOPHER on Mar 18 ’24. At $549.71 per share, WRIGHT CHRISTOPHER sold 200 shares. The insider’s holdings dropped to 35,547 shares worth approximately $18.3 million following the completion of this transaction.

Also, WRIGHT CHRISTOPHER sold 300 shares, netting a total of over 164,100 in proceeds. Following the sale of shares at $547.00 each, the insider now holds 35,747 shares.

Before that, JOHNSON ROBERT D had sold 250 shares from its account. In a trade valued at $134,562, the Director traded Roper Technologies Inc shares for $538.25 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $2.75 million.

As published in a research note from Oppenheimer on March 22, 2024, Roper Technologies Inc [ROP] has been retained to an Outperform and the price target has been revised to $650. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early January. Earlier on June 27, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for ROP stock.

Analyzing ROP Stock Performance

During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Roper Technologies Inc shares have dropped approximately -5.58%. Shares of the company reached a 52-week high of $565.00 on 04/01/24 and a 52-week low of $508.37 on 04/30/24. A 50-day SMA is recorded $542.84, while a 200-day SMA reached $520.64. Nevertheless, trading volume fell to 0.77 million shares from 0.9 million shares the previous day.

Support And Resistance Levels for Roper Technologies Inc (ROP)

According to the 24-hour chart, there is a support level at 509.47, which, if violated, would cause prices to drop to 504.17. In the upper region, resistance lies at 521.70. The next price resistance is at 528.64. RSI (Relative Strength Index) is 33.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.51, which suggests the price will decrease in the coming days. Percent R is at 82.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Most Popular

[the_ad id="945"]