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Keeping an Eye on Roper Technologies Inc (ROP) After Insider Trading Activity

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In a filing, Roper Technologies Inc revealed its Director JOHNSON ROBERT D unloaded Company’s shares for reported $0.53 million on Dec 03 ’24. In the deal valued at $561.80 per share,940 shares were sold. As a result of this transaction, JOHNSON ROBERT D now holds 4,219 shares worth roughly $2.29 million.

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Then, SABRINA & ROBERT TRUST bought 940 shares, generating $528,089 in total proceeds.

Before that, HUNN LAURENCE NEIL sold 30,000 shares. Roper Technologies Inc shares valued at $17,174,101 were divested by the President and CEO at a price of $572.47 per share. As a result of the transaction, HUNN LAURENCE NEIL now holds 87,311 shares, worth roughly $47.33 million.

Barclays downgraded its Roper Technologies Inc [ROP] rating to an Underweight from a an Overweight in a research note published on December 05, 2024; the price target was decreased to $569 from $625. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “an Outperform”. Wolfe Research also remained covering ROP and has decreased its forecast on June 13, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Oppenheimer maintained its rating on March 22, 2024. It rated ROP as “an Outperform”.

Price Performance Review of ROP

On Monday, Roper Technologies Inc [NASDAQ:ROP] saw its stock fall -0.30% to $542.04. Over the last five days, the stock has lost -1.16%. Roper Technologies Inc shares have fallen nearly -0.57% since the year began. Nevertheless, the stocks have risen 0.60% over the past one year. While a 52-week high of $580.09 was reached on 12/04/24, a 52-week low of $508.22 was recorded on 05/02/24. SMA at 50 days reached $553.67, while 200 days put it at $547.44.

Levels Of Support And Resistance For ROP Stock

The 24-hour chart illustrates a support level at 540.59, which if violated will result in even more drops to 539.15. On the upside, there is a resistance level at 544.67. A further resistance level may holdings at 547.30. The Relative Strength Index (RSI) on the 14-day chart is 38.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.72%. Stochastics %K at 10.27% indicates the stock is a buying.

How much short interest is there in Roper Technologies Inc?

A steep rise in short interest was recorded in Roper Technologies Inc stocks on 2024-11-29, dropping by -0.21 million shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.33 million shares. There was a decline of -18.24%, which implies that there is a negative sentiment for the stock.

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