Price Action to Note: Will Rogers Corporation Run Out of Steam Soon?

Price Action to Note: Will Rogers Corporation Run Out of Steam Soon?

The stock of Rogers Corporation (NYSE:ROG) hit a new 52-week high and has $117.03 target or 69.00% above today’s $69.25 share price. The 9 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Nov, 7 by If the $117.03 price target is reached, the company will be worth $862.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.49% or $1.68 on November 7, hitting $69.25. About 222,930 shares traded hands or 56.33% up from the average. Rogers Corporation (NYSE:ROG) has risen 15.74% since April 5, 2016 and is uptrending. It has outperformed by 13.79% the S&P500.

Rogers Corporation (NYSE:ROG) Ratings Coverage

Out of 2 analysts covering Rogers Corp (NYSE:ROG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $70 is the highest target while $60 is the lowest. The $70 average target is 1.08% above today’s ($69.25) stock price. Rogers Corp has been the topic of 3 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The rating was upgraded by B. Riley & Co on Thursday, March 10 to “Buy”. The rating was initiated by Needham with “Buy” on Tuesday, September 13. B. Riley & Co initiated Rogers Corporation (NYSE:ROG) rating on Friday, October 2. B. Riley & Co has “Neutral” rating and $60 price target.

According to Zacks Investment Research, “Rogers Corporation manufactures and sells specialty polymer composite materials and components which it develops for growing markets and applications around the world. The company has two business segments: Polymer Materials and Electronic Materials. The company’s products are based on its core technologies in polymers, fillers, and adhesion. Most products are proprietary, or incorporate proprietary technology in their development and processing, and are sold under the company’s valuable brand names.”

Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.01, from 1.49 in 2016Q1. The ratio increased, as 11 funds sold all Rogers Corporation shares owned while 47 reduced positions. 35 funds bought stakes while 52 increased positions. They now own 16.90 million shares or 3.62% less from 17.53 million shares in 2016Q1.
Chatham Capital Grp Inc Inc has invested 0.23% of its portfolio in Rogers Corporation (NYSE:ROG). Guggenheim Ltd has 0% invested in the company for 5,831 shares. Pinebridge Invests Limited Partnership has 2,283 shares for 0.01% of their US portfolio. Walleye Trading Ltd last reported 900 shares in the company. Moreover, Susquehanna Intl Grp Llp has 0% invested in Rogers Corporation (NYSE:ROG) for 3,605 shares. Gotham Asset Management Ltd Liability Com, a New York-based fund reported 7,942 shares. Gsa Capital Prns Ltd Liability Partnership has 27,372 shares for 0.09% of their US portfolio. Geode Cap Mngmt Ltd Limited Liability Company last reported 120,716 shares in the company. Deutsche National Bank Ag accumulated 0.01% or 213,495 shares. Panagora Asset Management holds 0.01% of its portfolio in Rogers Corporation (NYSE:ROG) for 41,707 shares. Creative Planning accumulated 0% or 18 shares. Kennedy Capital Mgmt Inc holds 0.47% of its portfolio in Rogers Corporation (NYSE:ROG) for 382,525 shares. Voya Inv Management Ltd last reported 8,459 shares in the company. The Washington-based Parametric Port Limited Liability Corporation has invested 0% in Rogers Corporation (NYSE:ROG). Smith Asset Mgmt Grp Limited Partnership has 7,050 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 insider sales for $249,337 net activity. 2,392 shares were sold by Zhang Helen, worth $148,492 on Monday, May 23. Jensen Carol R had sold 200 shares worth $12,625 on Thursday, May 12.

More notable recent Rogers Corporation (NYSE:ROG) news were published by: which released: “Rogers Corporation Reports Results for the 2016 Third Quarter” on November 02, 2016, also with their article: “Rogers Corporation Appoints Janice Stipp CFO” published on November 09, 2015, published: “Rogers Corporation Files Patent Infringement Lawsuits” on December 03, 2015. More interesting news about Rogers Corporation (NYSE:ROG) were released by: and their article: “Rogers Corporation Sells Polyimide and Thermoset Epoxy Laminate Operation” published on December 21, 2015 as well as‘s news article titled: “Chandler could pay Rogers Corp. up to $238K for firm’s move to city” with publication date: October 13, 2016.

ROG Company Profile

Rogers Corporation, incorporated on July 29, 1927, designs, develops, makes and sells engineered materials and components for applications, including communications infrastructure, automotive, consumer electronics, and aerospace or defense. The Company’s divisions are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other.

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