Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. T. Rowe Price Group Inc shares valued at $499,184 were sold by Thomson Andrew Justin Mackenzi on Dec 10 ’24. At $123.35 per share, Thomson Andrew Justin Mackenzi sold 4,047 shares. The insider’s holdings dropped to 119,577 shares worth approximately $13.56 million following the completion of this transaction.
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Also, Thomson Andrew Justin Mackenzi purchased 4,047 shares, netting a total of over 500,074 in proceeds.
Before that, Husain Arif had added 4,200 shares to its account. In a trade valued at $519,078, the Officer bought T. Rowe Price Group Inc shares for $123.59 each.
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 -3.11%. Over the course of the year, T. Rowe Price Group Inc shares have jumped approximately 0.30%. Shares of the company reached a 52-week high of $114.64 on 01/02/25 and a 52-week low of $112.85 on 01/02/25. A 50-day SMA is recorded $117.67, while a 200-day SMA reached $113.74. Nevertheless, trading volume fell to 1.13 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for T. Rowe Price Group Inc (TROW)
According to the 24-hour chart, there is a support level at 112.64, which, if violated, would cause prices to drop to 111.85. In the upper region, resistance lies at 114.43. The next price resistance is at 115.43. RSI (Relative Strength Index) is 37.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.71, which suggests the price will decrease in the coming days. Percent R is at 86.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
