Ross Stores, Inc.’s recent filing unveils that its GROUP PRESIDENT, COO Hartshorn Michael J. unloaded Company’s shares for reported $1.3 million on Sep 16 ’24. In the deal valued at $155.64 per share,8,366 shares were sold. As a result of this transaction, Hartshorn Michael J. now holds 103,049 shares worth roughly $15.46 million.
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Then, MICHAEL HARTSHORN bought 8,366 shares, generating $1,302,103 in total proceeds.
Before that, BALMUTH MICHAEL sold 14,887 shares. Ross Stores, Inc. shares valued at $2,266,068 were divested by the EXECUTIVE CHAIRMAN at a price of $152.22 per share. As a result of the transaction, BALMUTH MICHAEL now holds 11,133 shares, worth roughly $1.67 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 Monday, Ross Stores, Inc. [NASDAQ:ROST] saw its stock fall -2.81% to $149.98. Over the last five days, the stock has lost -2.08%. Ross Stores, Inc. shares have risen nearly 8.37% since the year began. Nevertheless, the stocks have risen 32.57% 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 $147.22, while 200 days put it at $142.19.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 148.35, which if violated will result in even more drops to 146.72. On the upside, there is a resistance level at 153.17. A further resistance level may holdings at 156.35. The Relative Strength Index (RSI) on the 14-day chart is 48.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.18%. Stochastics %K at 58.35% 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.
