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T. Rowe Price Em Mkts Discv Stk

PRIJX · NASDAQ

Market closed$21.27$-0.180000 (-0.84%)

Key statistics

Previous close$21.45
Open$21.27
Day high$21.27
Day low$21.27
52-week high$23.61
52-week low$15.64
Market cap6.34B
Volume—
Average volume—
P/E ratio16.60
Forward P/E—
EPS1.28
Dividend yield0.00%

Market context

Why it moved

PRIJX declined today as easing geopolitical tensions following a ceasefire in the US-Iran conflict drove oil prices sharply lower, weighing on energy-related fund holdings.

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What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026T. Rowe Price Emerging Markets Discovery Stock Fund edged higher in premarket trading, lifted by a broadly constructive backdrop for asset managers as Wall Street banks delivered blowout Q2 earnings. Goldman Sachs, BlackRock, JPMorgan, and peers posted strong results driven by record trading revenues and surging investment banking fees, boosting sentiment across financial services. Meanwhile, a softer-than-expected June CPI report and China's stronger-than-forecast export data provided additional tailwinds for emerging markets-focused strategies.

1.6822

July 14, 2026T. Rowe Price Emerging Markets Discovery Stock Fund closed lower, pressured by a confluence of macro headwinds weighing on risk assets globally. Renewed US-Iran tensions and a spike in oil prices rattled markets, while the broader financial services sector (XLF) also pulled back amid a mixed earnings day for Wall Street banks — JPMorgan posted record profits but Citigroup flagged expense growth outpacing revenues. Morningstar noted financial stocks as the second-worst-performing sector over the past year, citing AI disruption fears and cracks in private credit, adding to cautious sentiment around asset managers with emerging markets exposure navigating elevated geopolitical and rate uncertainty.

-1.4939

July 13, 2026T. Rowe Price Emerging Markets Discovery Stock Fund (PRIJX) declined amid a broad market selloff driven by renewed U.S.-Iran military tensions and a sharp chip stock rout in Asia. The fund, focused on emerging market equities, faced headwinds from a nearly 6% plunge in South Korea's KOSPI — a key EM benchmark — led by steep losses in Samsung and SK Hynix, while broader risk-off sentiment sent U.S. equities lower. Parent company T. Rowe Price Group separately reported June AUM of $1.89 trillion, though macro pressures including surging oil prices and inflation concerns weighed on EM-exposed funds.

-2.683

July 8, 2026T. Rowe Price Emerging Markets Discovery Stock Fund declined amid a broad global risk-off move triggered by renewed U.S.-Iran military exchanges, which prompted President Trump to declare the interim peace agreement 'over' and sent oil prices surging more than 5%. The geopolitical flare-up weighed heavily on emerging market assets, while the broader financial services sector (XLF) also edged lower, and the S&P 500 retreated as investors rotated out of risk assets. China's relative market resilience offered some partial offset for EM-focused strategies, but the macro headwinds—rising oil prices, climbing Treasury yields, and Fed policy uncertainty ahead of June FOMC minutes—pressured the fund's session performance.

-2.6738

July 1, 2026T. Rowe Price Emerging Markets Discovery Stock Fund (PRIJX) edged higher, buoyed by a constructive backdrop for emerging market equities as investors increasingly favor country-specific EM stories. BlackRock's Ahmed Talhaoui highlighted a shift away from broad EM baskets toward granular opportunities in India, Southeast Asia, and Gulf countries — a trend that aligns with PRIJX's discovery-oriented mandate. Broader risk sentiment was also supported by easing US-Iran tensions and a strong Q2 finish for US equities, with the S&P 500 up ~15% for the quarter.

1.1226

June 24, 2026T. Rowe Price Emerging Markets Discovery Stock Fund tumbled sharply amid a broad technology-driven global sell-off, with the Nasdaq plunging nearly 3% on Tuesday as AI spending concerns and stretched semiconductor valuations triggered a worldwide chip sell-off that hit emerging market equities particularly hard. The fund's exposure to EM tech and growth-oriented stocks amplified losses as South Korea's KOSPI decline sparked a global ripple effect, while rising U.S. rate expectations — Bank of America now forecasting three Fed hikes this year — further pressured risk assets and EM-focused strategies.

-5.0985

June 22, 2026T. Rowe Price Emerging Markets Discovery Stock fund gained nearly 3%, approaching its 52-week high, as a powerful tailwind emerged from emerging markets: for the first time since April 2022, companies in the MSCI EM Index are beating profit estimates, with Asian tech firms leading earnings surprises alongside improvements in Indian, Brazilian, and financial sector companies. The rally also drew support from easing geopolitical risk as U.S.-Iran talks advanced toward a final deal, compressing oil prices and reducing the global risk premium — conditions that historically drive capital rotation into EM assets and strengthen the fundamental case for continued EM equity outperformance.

2.7289

Peers

S&P 500SPX · $7,457.69-1.01%Principal Fds, Inc. - Principal Capital Appreciation Fund Cl ACMNWX · $89.86-0.77%American Funds 2065 Trgt Date Retire F1FAXTX · $21.74-1.05%Mairs & Power Growth FundMPGFX · $196.29-1.09%PGIM Jennison International Opps ZPWJZX · $35.69-0.70%Smead Value Fund Class ASVFAX · $97.40-0.22%Smead Value Fund Class R1SVFDX · $95.64-0.22%Smead Value Fund - Class I1SVFFX · $98.39-0.21%Smead Value Fund Class R2SVFKX · $99.44-0.22%Smead Value Fund;YSVFYX · $98.60-0.21%Touchstone Mid Cap ZTMCTX · $56.56-1.33%