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Analyzing Ross Stores, Inc. (ROST) After Recent Trading Activity

Ross Stores, Inc.’s filing revealed that its Director Mueller Patricia H unloaded Company’s shares for reported $0.13 million on May 28 ’24. In the deal valued at $138.37 per share,941 shares were sold. As a result of this transaction, Mueller Patricia H now holds 973 shares worth roughly $0.14 million.

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Then, Fleming Karen bought 35 shares, generating $5,230 in total proceeds. Upon buying the shares at $147.51, the PRESIDENT, CMO DD’S DISCOUNTS now owns 65,608 shares.

Before that, KOBAYASHI MICHAEL K sold 13,860 shares. Ross Stores, Inc. shares valued at $2,043,757 were divested by the PRES., CHIEF CAPABILITY OFC’R at a price of $147.46 per share. As a result of the transaction, KOBAYASHI MICHAEL K now holds 61,657 shares, worth roughly $8.9 million.

Telsey Advisory Group reiterated its Ross Stores, Inc. [ROST] rating to a Market perform in a research note published on March 06, 2024; the price target was $160. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late February from “a Sell” to “a Neutral”. Cleveland Research also remained covering ROST and has increased its forecast on February 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on November 07, 2023. It rated ROST as “an Outperform”.

Price Performance Review of ROST

On Tuesday, Ross Stores, Inc. [NASDAQ:ROST] saw its stock fall -0.58% to $144.40. Over the last five days, the stock has lost -2.73%. Ross Stores, Inc. shares have risen nearly 4.34% since the year began. Nevertheless, the stocks have risen 28.78% over the past one year. While a 52-week high of $151.12 was reached on 02/29/24, a 52-week low of $107.30 was recorded on 05/02/24. SMA at 50 days reached $138.65, while 200 days put it at $134.16. A total of 1.83 million shares were traded, compared to the trading of 1.97 million shares in the previous session.

Levels Of Support And Resistance For ROST Stock

The 24-hour chart illustrates a support level at 143.68, which if violated will result in even more drops to 142.96. On the upside, there is a resistance level at 145.63. A further resistance level may holdings at 146.86. The Relative Strength Index (RSI) on the 14-day chart is 51.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.04%. Stochastics%K at 27.16% indicates the stock is a holding.

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