Rockwell Automation Inc’s filing revealed 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 $1.01 million.
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Then, Woods Isaac sold 297 shares, generating $76,146 in total proceeds. Upon selling the shares at $256.38, the Vice President and Treasurer now owns 1,833 shares.
Before that, Myers Tessa M. sold 248 shares. Rockwell Automation Inc shares valued at $63,579 were divested by the SVP, Intelligent Devices at a price of $256.37 per share. As a result of the transaction, Myers Tessa M. now holds 4,246 shares, worth roughly $1.16 million.
Morgan Stanley initiated its Rockwell Automation Inc [ROK] rating to an Overweight in a research note published on September 06, 2024; the price target was $320. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in early July with a ‘”a Neutral”‘ rating. Berenberg also remained covering ROK and has decreased its forecast on March 06, 2024 with a “Hold” recommendation from previously “Buy” rating. Daiwa Securities revised its rating on February 01, 2024. It rated ROK as “a Buy” which previously was an “an Outperform”.
Price Performance Review of ROK
On Friday, Rockwell Automation Inc [NYSE:ROK] saw its stock jump 0.07% to $272.82. Over the last five days, the stock has gained 0.61%. Rockwell Automation Inc shares have fallen nearly -12.13% since the year began. Nevertheless, the stocks have fallen -1.00% over the past one year. While a 52-week high of $312.76 was reached on 01/02/24, a 52-week low of $242.81 was recorded on 08/05/24. SMA at 50 days reached $264.67, while 200 days put it at $273.61.
Levels Of Support And Resistance For ROK Stock
The 24-hour chart illustrates a support level at 271.76, which if violated will result in even more drops to 270.70. On the upside, there is a resistance level at 274.84. A further resistance level may holdings at 276.86. The Relative Strength Index (RSI) on the 14-day chart is 57.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.27%. Stochastics %K at 75.78% indicates the stock is a holding.
How much short interest is there in Rockwell Automation Inc?
A steep rise in short interest was recorded in Rockwell Automation Inc stocks on 2024-09-30, dropping by -0.16 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.71 million shares. There was a decline of -6.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 01, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $300.
