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T. Rowe Price Group Inc. (TROW) rating initates by Wells Fargo

T. Rowe Price Group Inc.’s recently made public that its Principal Accounting Officer Hiebler Jessica M unloaded Company’s shares for reported $50689.0 on Sep 13 ’24. In the deal valued at $104.73 per share,484 shares were sold. As a result of this transaction, Hiebler Jessica M now holds 13,939 shares worth roughly $1.51 million.

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Then, Hiebler Jessica M bought 484 shares, generating $50,607 in total proceeds.

Before that, Thomson Andrew Justin Mackenzi sold 11,969 shares. T. Rowe Price Group Inc. shares valued at $1,230,726 were divested by the Vice President at a price of $102.83 per share. As a result of the transaction, Thomson Andrew Justin Mackenzi now holds 123,624 shares, worth roughly $13.41 million.

Wells Fargo initiated its T. Rowe Price Group Inc. [TROW] rating to an Equal weight in a research note published on September 12, 2024; the price target was $109. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Underweight”‘ rating. Keefe Bruyette also remained covering TROW and has increased its forecast on April 11, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. TD Cowen revised its rating on April 08, 2024. It rated TROW as “a Hold” which previously was an “a Sell”.

Price Performance Review of TROW

On Friday, T. Rowe Price Group Inc. [NASDAQ:TROW] saw its stock jump 1.87% to $108.47. Over the last five days, the stock has lost -0.95%. T. Rowe Price Group Inc. shares have risen nearly 0.72% since the year began. Nevertheless, the stocks have risen 6.54% over the past one year. While a 52-week high of $122.27 was reached on 03/28/24, a 52-week low of $87.43 was recorded on 08/05/24. SMA at 50 days reached $107.29, while 200 days put it at $111.89.

Levels Of Support And Resistance For TROW Stock

The 24-hour chart illustrates a support level at 107.44, which if violated will result in even more drops to 106.41. On the upside, there is a resistance level at 109.03. A further resistance level may holdings at 109.59. The Relative Strength Index (RSI) on the 14-day chart is 52.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.81%. Stochastics %K at 42.46% indicates the stock is a holding.

How much short interest is there in T. Rowe Price Group Inc.?

A steep rise in short interest was recorded in T. Rowe Price Group Inc. stocks on 2024-09-13, growing by 2.45 million shares to a total of 11.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.37 million shares. There was a rise of 20.71%, which implies that there is a positive sentiment for the stock.

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