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 $14.56 million.
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 $1.57 million.
Morgan Stanley downgraded its Ross Stores, Inc [ROST] rating to an Equal-weight from a an Overweight in a research note published on January 21, 2025; the price target was decreased to $140 from $164. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Bernstein also remained covering ROST and has decreased its forecast on January 07, 2025 with a “Mkt perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on November 12, 2024. It rated ROST as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ROST
On Tuesday, Ross Stores, Inc [NASDAQ:ROST] saw its stock fall -0.61% to $141.27. Over the last five days, the stock has lost -3.87%. Ross Stores, Inc shares have fallen nearly -6.61% since the year began. Nevertheless, the stocks have fallen -3.28% over the past one year. While a 52-week high of $163.60 was reached on 01/06/25, a 52-week low of $127.53 was recorded on 02/10/25. SMA at 50 days reached $150.79, while 200 days put it at $145.60.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 140.43, which if violated will result in even more drops to 139.59. On the upside, there is a resistance level at 141.82. A further resistance level may holdings at 142.36. The Relative Strength Index (RSI) on the 14-day chart is 33.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.96%. Stochastics %K at 11.51% indicates the stock is a buying.
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.
The most recent change occurred on August 23, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $175.
