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Stock Investors Bid Up Shares of T Rowe Price, Up 1.5%

Published on Tue, 06/18/2013 - 14:06
By Mallory Stone

T Rowe Price (NASDAQ:TROW) is a company whose shares are active, trading 1.5% higher to $75.59. The S&P is currently trading 0.7% higher to 1,650 and the Dow Jones Industrial Average is trading 0.8% higher to 15,302.

T Rowe Price has overhead space with shares priced $75.59, or 2.8% below the average consensus analyst price target of $77.79. T Rowe Price shares have support at the 50-day moving average (MA) of $75.02 and additional support at the 200-day MA of $69.55.

In the past 52 weeks, T Rowe Price share prices have been bracketed by a low of $58.52 and a high of $80.13 and are now at $75.59, 29% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

By Mallory Stone
mstone@fnno.com