T. Rowe Price Group (NASDAQ:TROW) encountered a drop of 1.5% or -143,435 shares in the short positions. The number dropped from 9,665,043 on May 31,2016 to 9,521,608 on June 15,2016. The final interest is 4% of the floated stock. The days to cover figure of 9 can be arrived using the average daily exchange of 1,084,219 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
T. Rowe Price Group (NASDAQ:TROW): The stock opened at $70.02 on Friday but the bulls could not build on the opening and the stock topped out at $71.64 for the day. The stock traded down to $68.10 during the day, due to lack of any buying support eventually closed down at $69.60 with a loss of -5.33% for the day. The stock had closed at $73.52 on the previous day. The total traded volume was 3,841,604 shares.
The company shares have dropped -10.16% 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 $74.36 and the 200 Day Moving Average price is recorded at $72.04.
T. Rowe Price Group (NASDAQ:TROW) has tumbled 2.48% during the past week and has dropped 9.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.86%. T. Rowe Price Group (NASDAQ:TROW) has underperformed the index by 7.03% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.