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Analyzing T. Rowe Price Group Inc. (TROW) After Recent Trading Activity

T. Rowe Price Group Inc.’s recently made public that its VP Sawyer Dorothy C unloaded Company’s shares for reported $0.23 million on Jun 18 ’24. In the deal valued at $117.00 per share,2,000 shares were sold. As a result of this transaction, Sawyer Dorothy C now holds 34,710 shares worth roughly $4.08 million.

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Then, MacLellan Robert F. sold 3,043 shares, generating $344,102 in total proceeds. Upon selling the shares at $113.08, the Director now owns 34,635 shares.

Before that, HRABOWSKI FREEMAN A III sold 8,740 shares. T. Rowe Price Group Inc. shares valued at $1,034,147 were divested by the Director at a price of $118.32 per share. As a result of the transaction, HRABOWSKI FREEMAN A III now holds 21,073 shares, worth roughly $2.47 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 Tuesday, T. Rowe Price Group Inc. [NASDAQ:TROW] saw its stock fall -1.24% to $117.41. Over the last five days, the stock has gained 0.32%. T. Rowe Price Group Inc. shares have risen nearly 9.03% since the year began. Nevertheless, the stocks have risen 10.42% 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 $114.42, while 200 days put it at $108.53. A total of 0.8 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For TROW Stock

The 24-hour chart illustrates a support level at 116.34, which if violated will result in even more drops to 115.26. On the upside, there is a resistance level at 118.69. A further resistance level may holdings at 119.96. The Relative Strength Index (RSI) on the 14-day chart is 53.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.59%. Stochastics %K at 67.92% indicates the stock is a holding.

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