Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. T. Rowe Price Group Inc. shares valued at $50,689 were sold by Hiebler Jessica M on Sep 13 ’24. At $104.73 per share, Hiebler Jessica M sold 484 shares. The insider’s holdings dropped to 13,939 shares worth approximately $1.53 million following the completion of this transaction.
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Also, Hiebler Jessica M purchased 484 shares, netting a total of over 50,607 in proceeds.
Before that, Thomson Andrew Justin Mackenzi had sold 11,969 shares from its account. In a trade valued at $1,230,726, the Vice President traded T. Rowe Price Group Inc. shares for $102.83 each. Upon closing the transaction, the insider’s holdings decreased to 11,969 shares, worth approximately $13.54 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, T. Rowe Price Group Inc. [TROW] has been an Equal weight and the price target has been revised to $109. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in late August. As of April 11, 2024, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for TROW. Earlier on April 08, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Hold” for TROW stock which previously was a “a Sell”.
Analyzing TROW Stock Performance
During the last five days, there has been a drop of approximately -1.84%. Over the course of the year, T. Rowe Price Group Inc. shares have jumped approximately 1.71%. Nevertheless, trading volume fell to 1.33 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for T. Rowe Price Group Inc. (TROW)
RSI (Relative Strength Index) is 49.75 on the 14-day chart, showing neutral technical sentiment.
