Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ross Stores, Inc shares valued at $1,302,103 were sold by Hartshorn Michael J. on Sep 16 ’24. At $155.64 per share, Hartshorn Michael J. sold 8,366 shares. The insider’s holdings dropped to 103,049 shares worth approximately $14.64 million following the completion of this transaction.
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Also, MICHAEL HARTSHORN purchased 8,366 shares, netting a total of over 1,302,103 in proceeds.
Before that, BALMUTH MICHAEL had sold 14,887 shares from its account. In a trade valued at $2,266,068, the EXECUTIVE CHAIRMAN traded Ross Stores, Inc shares for $152.22 each. Upon closing the transaction, the insider’s holdings decreased to 14,887 shares, worth approximately $1.58 million.
As published in a research note from Telsey Advisory Group on August 23, 2024, Ross Stores, Inc [ROST] has been retained to a Market perform and the price target has been revised to $175. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early March. As of February 23, 2024, UBS has increased its “Sell” rating to a “Neutral” for ROST. Earlier on February 08, 2024, Cleveland Research upgraded its rating. Their new recommendation was “a Buy” for ROST stock which previously was a “a Neutral”.
Analyzing ROST Stock Performance
During the last five days, there has been a surge of approximately 1.66%. Over the course of the year, Ross Stores, Inc shares have jumped approximately 2.64%. Shares of the company reached a 52-week high of $163.60 on 08/23/24 and a 52-week low of $127.53 on 05/02/24. A 50-day SMA is recorded $147.38, while a 200-day SMA reached $143.67. Nevertheless, trading volume fell to 3.05 million shares from 4.31 million shares the previous day.
Support And Resistance Levels for Ross Stores, Inc (ROST)
According to the 24-hour chart, there is a support level at 139.65, which, if violated, would cause prices to drop to 137.27. In the upper region, resistance lies at 143.50. The next price resistance is at 144.97. RSI (Relative Strength Index) is 45.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 66.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
