Why is Rogers stock down 3% today?

Traders Union
All News
Stocks
Rogers drops 3.08% today on earnings

Highlights

Rogers reported adjusted third-quarter 2026 earnings per share of C$1.29 and a 1.8% revenue increase to C$5.44 billion.
Free cash flow grew as capital expenditures remained disciplined, with the annualized dividend set at $2.00 for a yield above 4%.
Shares of Rogers are trading below medium- and long-term averages, with signals mixed and next week’s expected range at $30.46 to $32.24.

Earnings growth and partnerships met with sustained selling pressure

Rogers reported adjusted third-quarter 2026 earnings per share of C$1.29, with revenue rising about 1.8% year-over-year to C$5.44 billion. The company highlighted disciplined capital expenditures, increased free cash flow, and growing value in its sports and media assets through partnerships and monetization initiatives. An ex-dividend date of December 8, 2026, was set for a $2.00 annualized dividend, reflecting a yield above 4%. Network investments and opportunities in rural connectivity and IoT applications, including a partnership with SpaceX, were also announced, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees the technical picture for Rogers Communications as weak. He notes the drop below major moving averages and the persistence of selling pressure. Despite positive headlines on earnings and partnerships, he warns that overbought signals and a negative MACD outweigh the dividend yield. Kharitonov stresses that conflicting indicators and broad market pressure should make investors wary. "Without a clear turnaround in momentum or fundamentals, the downside path remains the bigger risk in my view."

Viktoras Karapetjanc, expert at Traders Union, highlights Rogers’s steady revenue growth and robust free cash flow. He points out value creation via new partnerships, including IoT expansion and collaboration with SpaceX. Karapetjanc remains focused on the company’s disciplined investment strategy and the above 4% dividend yield as key positives. He believes portfolio investors should recognize medium-term opportunities from these developments. "With strategic moves and a solid yield, I expect Rogers to deliver further upside in coming quarters."

Parshwa Turakhiya, analyst, views intraday price action in Rogers as conflicted but rich in short-term trading set-ups. He notes how a gap down and a bounce off key support suggest a tug-of-war between sellers and intraday buyers. Turakhiya observes mixed momentum readings, which could trigger volatility within the $30.46–$32.24 range. Short-term technical traders may find opportunity at these sharp levels. "If $31.24 holds, I see range-bound swing trades shaping up fast this week."

Competing momentum signals as price tests support after intraday decline

Rogers is trading at $31.35, just above the 20-day moving average at $31.24, but below both the 50-day at $33.91 and the 200-day at $35.77. This setup suggests some near-term support but ongoing medium- and long-term pressure from sellers, with $31.44 as the nearest ceiling and $31.24 acting as key support. The 50-day versus 200-day alignment remains bearish, confirming the prevailing downtrend. Momentum signals are mixed: the MACD is negative and forecasts a strong sell signal, while the ADX signals buy. The RSI sits at 50.48 with a buy forecast, yet both the Stochastic RSI and CCI indicate overbought conditions. Bull/Bear Power is positive at 0.77, confirming intraday buyer dominance but also flagging overbought. The Awesome Oscillator is neutral. The stock has declined by $0.995 or 3.08% today after a minor upside gap, currently trading near its daily low. Intraday volatility is at 2.21%. Overall, the technical setup reveals conflicting momentum with persistent intraday pressure after the open.

Previously it was reported that Rogers Communications was expected to remain rangebound amid mixed technical indicators and subdued momentum. The latest developments and technical readings reinforce this outlook, highlighting $31.44 as a pivotal resistance level to monitor for any shift away from the prevailing sideways scenario.

Source of Data: Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.