T. Rowe Price Group (NASDAQ:TROW) : During the past 4 weeks, traders have been relatively bearish on T. Rowe Price Group (NASDAQ:TROW), hence the stock is down -1.03% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.04% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.24% in the last 1 week, and is up 0.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -6.47% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $79.74 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $73.42 and the 200 Day Moving Average price is recorded at $72.02.
The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 0.52%.
T. Rowe Price Group (NASDAQ:TROW): stock turned positive on Friday. Though the stock opened at $72.71, the bulls momentum made the stock top out at $73.29 level for the day. The stock recorded a low of $72.6 and closed the trading day at $73.24, in the green by 2.30%. The total traded volume for the day was 1,357,893. The stock had closed at $71.59 in the previous days trading.
In an insider trading activity, Kennedy James A C, director of Price T Rowe Group Inc, unloaded 50,000 shares at an average price of $77.75 on April 27, 2016. The total amount of the transaction was worth $3,887,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.