Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roper Technologies Inc shares valued at $550,000 were sold by WALLMAN RICHARD F on Oct 24 ’24. At $550.00 per share, WALLMAN RICHARD F sold 1,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, WALLMAN RICHARD F sold 1,000 shares, netting a total of over 550,000 in proceeds. Following the sale of shares at $550.00 each, the insider now holds 32,955 shares.
Before that, WALLMAN RICHARD F had sold 417 shares from its account. In a trade valued at $228,099, the Director traded Roper Technologies Inc shares for $547.00 each. Upon closing the transaction, the insider’s holdings decreased to 417 shares, worth approximately $18.37 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 surge of approximately 3.19%. Over the course of the year, Roper Technologies Inc shares have jumped approximately 3.58%. 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 $550.75, while a 200-day SMA reached $546.02. Nevertheless, trading volume fell to 0.67 million shares from 0.42 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 549.91, which, if violated, would cause prices to drop to 535.14. In the upper region, resistance lies at 573.69. The next price resistance is at 582.70. RSI (Relative Strength Index) is 62.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.47, which suggests the price will increase in the coming days. Percent R is at 9.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
