Ross Stores, Inc’s recently made public that its GROUP PRESIDENT, COO Hartshorn Michael J. unloaded Company’s shares for reported $1.3 million on Sep 16 ’24. In the deal valued at $155.64 per share,8,366 shares were sold. As a result of this transaction, Hartshorn Michael J. now holds 103,049 shares worth roughly $15.8 million.
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Then, MICHAEL HARTSHORN bought 8,366 shares, generating $1,302,103 in total proceeds.
Before that, BALMUTH MICHAEL sold 14,887 shares. Ross Stores, Inc shares valued at $2,266,068 were divested by the EXECUTIVE CHAIRMAN at a price of $152.22 per share. As a result of the transaction, BALMUTH MICHAEL now holds 11,133 shares, worth roughly $1.71 million.
Citigroup downgraded its Ross Stores, Inc [ROST] rating to a Neutral from a a Buy in a research note published on November 12, 2024; the price target was decreased to $152 from $179. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering ROST and reiterated its “Market perform” recommendation on March 06, 2024. UBS revised its rating on February 23, 2024. It rated ROST as “a Neutral” which previously was an “a Sell”.
Price Performance Review of ROST
On Monday, Ross Stores, Inc [NASDAQ:ROST] saw its stock jump 4.93% to $153.29. Over the last five days, the stock has gained 8.49%. Ross Stores, Inc shares have risen nearly 10.77% since the year began. Nevertheless, the stocks have risen 16.93% over the past one year. While a 52-week high of $163.60 was reached on 08/23/24, a 52-week low of $127.53 was recorded on 05/02/24. SMA at 50 days reached $145.15, while 200 days put it at $143.65.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 149.68, which if violated will result in even more drops to 146.06. On the upside, there is a resistance level at 155.81. A further resistance level may holdings at 158.32. The Relative Strength Index (RSI) on the 14-day chart is 68.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.68%. Stochastics %K at 69.20% indicates the stock is a holding.
How much short interest is there in Ross Stores, Inc?
A steep rise in short interest was recorded in Ross Stores, Inc stocks on 2024-10-31, growing by 0.78 million shares to a total of 4.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.92 million shares. There was a rise of 16.67%, which implies that there is a positive sentiment for the stock.
