Rockwell Automation Inc’s recently made public that its SVP, Intelligent Devices Myers Tessa M. unloaded Company’s shares for reported $0.13 million on Jun 11 ’24. In the deal valued at $253.78 per share,528 shares were sold. As a result of this transaction, Myers Tessa M. now holds 3,718 shares worth roughly $0.99 million.
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Then, Nardecchia Christopher sold 495 shares, generating $126,915 in total proceeds. Upon selling the shares at $256.39, the SVP, Chief Information Officer now owns 11,084 shares.
Before that, Buttermore Robert L. sold 495 shares. Rockwell Automation Inc shares valued at $126,887 were divested by the SVP,Chief Supply Chain Officer at a price of $256.34 per share. As a result of the transaction, Buttermore Robert L. now holds 1,704 shares, worth roughly $0.45 million.
Berenberg downgraded its Rockwell Automation Inc [ROK] rating to a Hold from a a Buy in a research note published on March 06, 2024; the price target was decreased to $290 from $330. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in early February from “an Outperform” to “a Buy”. Oppenheimer also remained covering ROK and reiterated its “an Outperform” recommendation on February 01, 2024. UBS revised its rating on January 03, 2024. It rated ROK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ROK
On Monday, Rockwell Automation Inc [NYSE:ROK] saw its stock fall -3.55% to $265.52. Over the last five days, the stock has lost -0.13%. Rockwell Automation Inc shares have fallen nearly -14.48% since the year began. Nevertheless, the stocks have fallen -18.11% over the past one year. While a 52-week high of $348.52 was reached on 01/02/24, a 52-week low of $249.00 was recorded on 06/14/24. SMA at 50 days reached $266.47, while 200 days put it at $279.53. A total of 0.95 million shares were traded, compared to the trading of 4.33 million shares in the previous session.
Levels Of Support And Resistance For ROK Stock
The 24-hour chart illustrates a support level at 261.78, which if violated will result in even more drops to 258.03. On the upside, there is a resistance level at 272.15. A further resistance level may holdings at 278.77. The Relative Strength Index (RSI) on the 14-day chart is 51.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.52%. Stochastics%K at 76.49% indicates the stock is a holding.
