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Potential Price Increase for Rollins, Inc. (ROL) After Recent Insider Activity

In a filing, Rollins, Inc. revealed its CORPORATE SECRETARY Chandler Elizabeth B unloaded Company’s shares for reported $0.24 million on Sep 03 ’24. In the deal valued at $50.74 per share,4,685 shares were sold. As a result of this transaction, Chandler Elizabeth B now holds 89,338 shares worth roughly $4.59 million.

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Then, Chandler Elizabeth B bought 4,685 shares, generating $237,715 in total proceeds.

Before that, Chandler Elizabeth B sold 4,686 shares. Rollins, Inc. shares valued at $224,085 were divested by the CORPORATE SECRETARY at a price of $47.82 per share. As a result of the transaction, Chandler Elizabeth B now holds 95,023 shares, worth roughly $4.88 million.

UBS downgraded its Rollins, Inc. [ROL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Morgan Stanley began covering ROL with “an Equal-weight” recommendation on December 21, 2023. Stifel revised its rating on October 20, 2023. It rated ROL as “a Buy” which previously was an “a Hold”.

Price Performance Review of ROL

On Tuesday, Rollins, Inc. [NYSE:ROL] saw its stock jump 0.96% to $51.40. Over the last five days, the stock has gained 0.53%. Rollins, Inc. shares have risen nearly 17.70% since the year began. Nevertheless, the stocks have risen 38.81% over the past one year. While a 52-week high of $51.28 was reached on 09/17/24, a 52-week low of $32.19 was recorded on 02/16/24. SMA at 50 days reached $49.19, while 200 days put it at $45.96.

Levels Of Support And Resistance For ROL Stock

The 24-hour chart illustrates a support level at 50.89, which if violated will result in even more drops to 50.39. On the upside, there is a resistance level at 51.90. A further resistance level may holdings at 52.41. The Relative Strength Index (RSI) on the 14-day chart is 61.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.43%. Stochastics %K at 79.84% indicates the stock is a holding.

How much short interest is there in Rollins, Inc.?

A steep rise in short interest was recorded in Rollins, Inc. stocks on 2024-08-30, growing by 1.69 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.32 million shares. There was a rise of 24.14%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 05, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $49 price target.

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