CEO of Ross Stores sells more than $9 million in shares

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Bobby Raines 05/29/2014

Michael Balmuth, the vice chairman and CEO of Ross Stores ( ROST ) sold 134.376 shares of the company's common stock on May 27. At $68.10 per share, Balmuth pulled in a total of $9,151,449 from the sale.

IK-> The technicals for ROST ($67.41 down $0.07) are bearish with a downward trend. Recent support has been around $67.11 and recent resistance has been near $68.85. Standard & Poor'shas a four STARS (out of five) rating on the stock. Look at the Aug. 72.50/77.50 bear-call spread for a 30-cent credit. That's a 6.4% return and the stock has to rise 7.6% to cause a problem.  [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: ROST

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