Shares of T. Rowe Price Group (TROW) Sees Large Outflow of Money

T. Rowe Price Group (TROW): The stock had negative money flow to the tune of ($1.62 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.45 million, whereas, the outflow of money on downticks was $3.07 million and the ratio between the two was 0.47. The block trade had a negative net money flow of ($1.4 million). On the other hand, downticks amounted to $1.4 million of the traded value, which shows distribution in the stock by traders. T. Rowe Price Group (TROW) closed with marginal gains of 10 cents to end the day at $72.06, an increase of 0.14% over the previous days close. The stock recorded -0.39% for the week.


T. Rowe Price Group (TROW) : The highest level T. Rowe Price Group (TROW) is projected to reach is $83 for the short term and the lowest estimate is at $74. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $77.88 and the possibility the share price can swing is $3.6. The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 2.9%.

T. Rowe Price Group (NASDAQ:TROW): The stock opened at $71.73 on Thursday but the bulls could not build on the opening and the stock topped out at $72.39 for the day. The stock traded down to $70.93 during the day, due to lack of any buying support eventually closed down at $71.59 with a loss of -0.51% for the day. The stock had closed at $71.96 on the previous day. The total traded volume was 1,369,408 shares.

T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

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