Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Roper Technologies Inc shares valued at $415,335 were sold by JOHNSON ROBERT D on Sep 13 ’24. At $553.78 per share, JOHNSON ROBERT D sold 750 shares. The insider’s holdings dropped to 5,159 shares worth approximately $2.83 million following the completion of this transaction.
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Also, SABRINA & ROBERT TRUST purchased 750 shares, netting a total of over 415,338 in proceeds.
Before that, JOHNSON ROBERT D had sold 140 shares from its account. In a trade valued at $77,048, the Director traded Roper Technologies Inc shares for $550.34 each. Upon closing the transaction, the insider’s holdings decreased to 140 shares, worth approximately $3.24 million.
As published in a research note from Robert W. Baird on July 25, 2024, Roper Technologies Inc [ROP] has been rated up from a Neutral to an Outperform and the price target has been revised to $635 from $617. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid June. As of March 22, 2024, Oppenheimer has reiterated its “an Outperform” rating for ROP. Earlier on January 04, 2024, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for ROP stock which previously was a “an Outperform”.
Analyzing ROP Stock Performance
During the last five days, there has been a drop of approximately -0.65%. Over the course of the year, Roper Technologies Inc shares have jumped approximately 0.69%. Shares of the company reached a 52-week high of $579.10 on 07/23/24 and a 52-week low of $508.22 on 05/02/24. A 50-day SMA is recorded $545.84, while a 200-day SMA reached $544.81. Nevertheless, trading volume fell to 0.62 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Roper Technologies Inc (ROP)
According to the 24-hour chart, there is a support level at 545.10, which, if violated, would cause prices to drop to 541.27. In the upper region, resistance lies at 552.70. The next price resistance is at 556.47. RSI (Relative Strength Index) is 47.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.81, which suggests the price will decrease in the coming days. Percent R is at 77.25%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
