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An Analysis of T. Rowe Price Group Inc. (TROW)’s Potential Price Growth

T. Rowe Price Group Inc.’s recent filing unveils that its Director MacLellan Robert F. unloaded Company’s shares for reported $0.34 million on Apr 29 ’24. In the deal valued at $113.08 per share,3,043 shares were sold. As a result of this transaction, MacLellan Robert F. now holds 34,635 shares worth roughly $3.99 million.

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Then, HRABOWSKI FREEMAN A III sold 8,740 shares, generating $1,034,147 in total proceeds. Upon selling the shares at $118.32, the Director now owns 21,073 shares.

Before that, Hiebler Jessica M sold 1,138 shares. T. Rowe Price Group Inc. shares valued at $121,913 were divested by the Principal Accounting Officer at a price of $107.13 per share. As a result of the transaction, Hiebler Jessica M now holds 14,113 shares, worth roughly $1.62 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 -0.42% to $115.07. Over the last five days, the stock has lost -1.51%. T. Rowe Price Group Inc. shares have risen nearly 6.85% since the year began. Nevertheless, the stocks have risen 1.05% 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 $114.53, while 200 days put it at $108.23. A total of 0.86 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For TROW Stock

The 24-hour chart illustrates a support level at 114.27, which if violated will result in even more drops to 113.46. On the upside, there is a resistance level at 115.96. A further resistance level may holdings at 116.84. The Relative Strength Index (RSI) on the 14-day chart is 48.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.59%. Stochastics %K at 31.89% indicates the stock is a holding.

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