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 $1,230,726 were sold by Thomson Andrew Justin Mackenzi on Sep 06 ’24. At $102.83 per share, Thomson Andrew Justin Mackenzi sold 11,969 shares. The insider’s holdings dropped to 123,624 shares worth approximately $12.96 million following the completion of this transaction.
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Also, ANDREW JUSTIN THOMSON purchased 11,969 shares, netting a total of over 1,230,726 in proceeds.
Before that, Hiebler Jessica M had sold 1,401 shares from its account. In a trade valued at $162,303, the Principal Accounting Officer traded T. Rowe Price Group Inc. shares for $115.85 each. Upon closing the transaction, the insider’s holdings decreased to 1,401 shares, worth approximately $1.49 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, T. Rowe Price Group Inc. [TROW] has been an Equal weight and the price target has been revised to $109. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in late August. As of April 11, 2024, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for TROW. Earlier on April 08, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Hold” for TROW stock which previously was a “a Sell”.
Analyzing TROW Stock Performance
During the last five days, there has been a surge of approximately 0.72%. Over the course of the year, T. Rowe Price Group Inc. shares have dropped approximately -2.62%. Shares of the company reached a 52-week high of $122.27 on 03/28/24 and a 52-week low of $100.49 on 08/05/24. A 50-day SMA is recorded $110.00, while a 200-day SMA reached $111.35. Nevertheless, trading volume fell to 1.37 million shares from 1.38 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 103.30, which, if violated, would cause prices to drop to 101.72. In the upper region, resistance lies at 105.78. The next price resistance is at 106.68. RSI (Relative Strength Index) is 43.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 62.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
