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 $14.08 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 $1.52 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 Friday, Ross Stores, Inc [NASDAQ:ROST] saw its stock fall -1.78% to $136.61. Over the last five days, the stock has lost -2.73%. Ross Stores, Inc shares have fallen nearly -9.69% since the year began. Nevertheless, the stocks have fallen -5.43% 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 02/21/25. SMA at 50 days reached $148.51, while 200 days put it at $145.90.
Levels Of Support And Resistance For ROST Stock
The 24-hour chart illustrates a support level at 134.91, which if violated will result in even more drops to 133.21. On the upside, there is a resistance level at 139.32. A further resistance level may holdings at 142.03. The Relative Strength Index (RSI) on the 14-day chart is 29.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.89%. Stochastics %K at 12.48% indicates the stock is a buying.
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.
