T. Rowe Price Group Stock Lost 3% In A Month, Will It Recover?

T. Rowe Price Group (NASDAQ: TROW), fell by 3% in the last twenty-one trading days. In comparison, the broader S&P500 index lost 0.8% over the same period. T. Rowe Price Group is an American global investment management firm that offers funds, advisory services, account management, and retirement plans and services for individuals, institutions, and financial intermediaries. While the stock has underperformed the S&P500 over the last month, it has gained close to 40% YTD – as compared to the 18% increase in S&P500. The company recently reported its August Assets under Management (AuM), which increased 2.4% month-on-month, and 3.2% from June end, to $1.68 trillion. The firm has benefited from growth in assets over the recent quarters and is expected to report strong growth numbers in FY2021. 

Now, is TROW stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 63% chance of a rise in TROW stock over the next month (twenty-one trading days). See our analysis on T. Rowe Price Group’s Stock Chance Of Rise for more details.

Five Days: TROW 3.1%, vs. S&P500 2%; Outperformed market

(17% event probability)

• T. Rowe Price Group’s stock rose 3.1% over a five day trading period ending 9/27/2021, compared to the broader market (S&P500) which rose by 2%
• A change of 3.1% or more over five trading days has a 17% event probability, which has occurred 430 times out of 2516 in the last ten years

Ten Days: TROW -2.2%, vs. S&P500 -0.9%; Underperformed market

(24% event probability)

• T. Rowe Price Group’s stock lost 2.2% over the last ten trading days (two weeks), compared to the broader market (S&P500) decline of 0.9%
• A change of -2.2% or more over ten trading days has a 24% event probability, which has occurred 607 times out of 2516 in the last ten years

Twenty-One Days: TROW -3%, vs. S&P500 -0.8%; Underperformed market

(22% event probability)

• T. Rowe Price Group’s stock lost 3% over the last twenty-one trading days (one month), compared to the broader market (S&P500) drop of 0.8%
• A change of -3% or more over twenty-one trading days has a 22% event probability, which has occurred 563 times out of 2515 in the last ten years

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