Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. T. Rowe Price Group Inc. shares valued at $344,102 were sold by MacLellan Robert F. on Apr 29 ’24. At $113.08 per share, MacLellan Robert F. sold 3,043 shares. The insider’s holdings dropped to 34,635 shares worth approximately $4.04 million following the completion of this transaction.
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Also, HRABOWSKI FREEMAN A III sold 8,740 shares, netting a total of over 1,034,147 in proceeds. Following the sale of shares at $118.32 each, the insider now holds 21,073 shares.
Before that, Hiebler Jessica M had sold 1,138 shares from its account. In a trade valued at $121,913, the Principal Accounting Officer traded T. Rowe Price Group Inc. shares for $107.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,138 shares, worth approximately $1.65 million.
As published in a research note from Keefe Bruyette on April 11, 2024, T. Rowe Price Group Inc. [TROW] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $120 from $106. Analysts at TD Cowen upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of January 08, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for TROW. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “an Underperform” for TROW stock.
Analyzing TROW Stock Performance
During the last five days, there has been a surge of approximately 0.29%. Over the course of the year, T. Rowe Price Group Inc. shares have jumped approximately 8.25%. Shares of the company reached a 52-week high of $122.27 on 03/28/24 and a 52-week low of $103.40 on 02/13/24. A 50-day SMA is recorded $114.37, while a 200-day SMA reached $108.33. Nevertheless, trading volume fell to 1.08 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for T. Rowe Price Group Inc. (TROW)
According to the 24-hour chart, there is a support level at 115.73, which, if violated, would cause prices to drop to 114.89. In the upper region, resistance lies at 117.58. The next price resistance is at 118.58. RSI (Relative Strength Index) is 53.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 59.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
