Ross Stores, Inc.’s recently made public that its EXECUTIVE CHAIRMAN BALMUTH MICHAEL unloaded Company’s shares for reported $2.27 million on Sep 05 ’24. In the deal valued at $152.22 per share,14,887 shares were sold. As a result of this transaction, BALMUTH MICHAEL now holds 11,133 shares worth roughly $1.73 million.
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Then, MICHAEL BALMUTH bought 14,887 shares, generating $2,259,251 in total proceeds.
Before that, RENTLER BARBARA sold 48,885 shares. Ross Stores, Inc. shares valued at $7,524,673 were divested by the CHIEF EXECUTIVE OFFICER at a price of $153.93 per share. As a result of the transaction, RENTLER BARBARA now holds 311,853 shares, worth roughly $48.42 million.
Telsey Advisory Group reiterated its Ross Stores, Inc. [ROST] rating to a Market perform in a research note published on August 23, 2024; the price target was $175. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Market perform”‘ rating for it. UBS also remained covering ROST and has increased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Sell” rating. Cleveland Research revised its rating on February 08, 2024. It rated ROST as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ROST
On Friday, Ross Stores, Inc. [NASDAQ:ROST] saw its stock jump 1.68% to $155.25. Over the last five days, the stock has gained 3.14%. Ross Stores, Inc. shares have risen nearly 12.18% since the year began. Nevertheless, the stocks have risen 32.90% over the past one year. While a 52-week high of $163.60 was reached on 08/23/24, a 52-week low of $108.35 was recorded on 05/02/24. SMA at 50 days reached $146.75, while 200 days put it at $141.56.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 153.78, which if violated will result in even more drops to 152.30. On the upside, there is a resistance level at 156.14. A further resistance level may holdings at 157.03. The Relative Strength Index (RSI) on the 14-day chart is 64.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.45%. Stochastics %K at 41.46% indicates the stock is a holding.
How much short interest is there in Ross Stores, Inc.?
A steep rise in short interest was recorded in Ross Stores, Inc. stocks on 2024-08-30, growing by 0.55 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.05 million shares. There was a rise of 15.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $140 price target.
