Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roper Technologies Inc shares valued at $528,092 were sold by JOHNSON ROBERT D on Dec 03 ’24. At $561.80 per share, JOHNSON ROBERT D sold 940 shares. The insider’s holdings dropped to 4,219 shares worth approximately $2.15 million following the completion of this transaction.
Also, SABRINA & ROBERT TRUST purchased 940 shares, netting a total of over 528,089 in proceeds.
Before that, HUNN LAURENCE NEIL had sold 30,000 shares from its account. In a trade valued at $17,174,101, the President and CEO traded Roper Technologies Inc shares for $572.47 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $44.55 million.
Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of July 25, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for ROP. Earlier on June 13, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for ROP stock which previously was a “an Outperform”.
Analyzing ROP Stock Performance
During the last five days, there has been a drop of approximately -1.84%. Over the course of the year, Roper Technologies Inc shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $524.70 on 01/02/25 and a 52-week low of $504.30 on 01/08/25. A 50-day SMA is recorded $544.90, while a 200-day SMA reached $545.30. Nevertheless, trading volume fell to 0.83 million shares from 0.62 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 505.78, which, if violated, would cause prices to drop to 501.26. In the upper region, resistance lies at 513.34. The next price resistance is at 516.39. RSI (Relative Strength Index) is 29.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.17, which suggests the price will decrease in the coming days. Percent R is at 82.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
