Market Runner: What’s Next for Rogers Corporation After Today’s Significant Decline?

Market Runner: What's Next for Rogers Corporation After Today's Significant Decline?

The stock of Rogers Corporation (NYSE:ROG) is a huge mover today! About 229,635 shares traded hands or 36.12% up from the average. Rogers Corporation (NYSE:ROG) has risen 23.65% since April 14, 2016 and is uptrending. It has outperformed by 18.97% the S&P500.
The move comes after 6 months negative chart setup for the $1.21B company. It was reported on Nov, 16 by Barchart.com. We have $63.47 PT which if reached, will make NYSE:ROG worth $108.90 million less.

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. Rogers Corp has been the topic of 3 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by B. Riley & Co given on Thursday, March 10. The firm has “Buy” rating by Needham given on Tuesday, September 13. B. Riley & Co initiated it with “Neutral” rating and $60 target price in Friday, October 2 report.

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 improved, 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.
Counselors Of Maryland Limited Liability Corporation owns 325,543 shares or 1.09% of their US portfolio. Creative Planning has 0% invested in the company for 18 shares. Profund Advsr Ltd Limited Liability Company has 0.02% invested in the company for 5,516 shares. Smith Asset Mgmt Group Inc Incorporated L P accumulated 7,050 shares or 0.01% of the stock. Springbank Value Ptnrs Lp reported 7,000 shares or 0.72% of all its holdings. California Public Employees Retirement, a California-based fund reported 45,700 shares. Skylands Capital Ltd Liability Company last reported 0.88% of its portfolio in the stock. Capstone Asset Mgmt accumulated 0.01% or 5,720 shares. Next Fincl, a Texas-based fund reported 100 shares. Moreover, Thomson Horstmann Bryant has 0.74% invested in Rogers Corporation (NYSE:ROG) for 92,766 shares. Ig Inv Management Limited last reported 0.01% of its portfolio in the stock. Renaissance Techs Ltd has 146,700 shares for 0.02% of their US portfolio. Gemmer Asset Mngmt Ltd Limited Liability Company reported 55 shares or 0% of all its holdings. Schwab Charles Invest Mngmt has 71,824 shares for 0.01% of their US portfolio. Envestnet Asset Mngmt holds 0% or 1,439 shares in its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 8 insider sales for $1.23 million net activity. Shares for $42,948 were sold by BARNES KEITH. The insider Jensen Carol R sold $153,031. Grudzien Jeffrey M had sold 4,700 shares worth $342,583 on Friday, November 11. $205,730 worth of Rogers Corporation (NYSE:ROG) was sold by MITCHELL WILLIAM. Shares for $148,492 were sold by Zhang Helen on Monday, May 23. $102,895 worth of shares were sold by GLANDON GARY M on Friday, November 4.

More news for Rogers Corporation (NYSE:ROG) were recently published by: Businesswire.com, which released: “Rogers Corporation Reports Results for the 2016 Third Quarter” on November 02, 2016. Businesswire.com‘s article titled: “Rogers Corporation Appoints Janice Stipp CFO” and published on November 09, 2015 is yet another important article.

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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