Shares of T. Rowe Price Group (TROW) Sees Large Inflow of Net Money Flow

T. Rowe Price Group (TROW) : Investors lapped up stocks on upticks to the tune of $4.61 million in the Fridays trading session. The trading value on downticks was comparatively at $3.33 million and the uptick to downtick ratio of 1.39 indicates continuous buying by the bulls. The net money flow into the stock was $1.28 million. Upticks saw transactions worth $1.35 clearly indicating buying by large investors. The total money flow for block trades stood at $1.35 million, which is a positive for the stock in the long-term. T. Rowe Price Group (TROW) fell $0.08 during the day at $73.8, a drop of -0.11% over the previous days close. However, for the week, the stock is -1.14%, compared to the previous week.


T. Rowe Price Group (TROW) : Currently there are 8 street experts covering T. Rowe Price Group (TROW) stock. The most bullish and bearish price target for the stock is $83 and $74 respectively for the short term. The average price target of all the analysts comes to $77. The estimated standard deviation from the target is $3.3.

T. Rowe Price Group (NASDAQ:TROW): stock turned positive on Friday. Though the stock opened at $74.17, the bulls momentum made the stock top out at $74.2 level for the day. The stock recorded a low of $73.61 and closed the trading day at $74.12, in the green by 0.32%. The total traded volume for the day was 977,014. The stock had closed at $73.88 in the previous days trading.

In a related news, The director, of Price T Rowe Group Inc, Kennedy James A C had unloaded 50,000 shares at $77.75 per share in a transaction on April 27, 2016. The total value of transaction was $3,887,500. The Insider information was revealed by 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.