Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rockwell Automation Inc shares valued at $133,996 were sold by Myers Tessa M. on Jun 11 ’24. At $253.78 per share, Myers Tessa M. sold 528 shares. The insider’s holdings dropped to 3,718 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Woods Isaac sold 297 shares, netting a total of over 76,146 in proceeds. Following the sale of shares at $256.38 each, the insider now holds 1,833 shares.
Before that, Myers Tessa M. had sold 248 shares from its account. In a trade valued at $63,579, the SVP, Intelligent Devices traded Rockwell Automation Inc shares for $256.37 each. Upon closing the transaction, the insider’s holdings decreased to 248 shares, worth approximately $1.13 million.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Rockwell Automation Inc [ROK] has been an Overweight and the price target has been revised to $320. Analysts at Redburn Atlantic started covering the stock with ‘”a Neutral”‘ outlook in a report released in early July. As of March 06, 2024, Berenberg has decreased its “Buy” rating to a “Hold” for ROK. Earlier on February 01, 2024, Daiwa Securities upgraded its rating. Their new recommendation was “a Buy” for ROK stock which previously was a “an Outperform”.
Analyzing ROK Stock Performance
During the last five days, there has been a drop of approximately -0.36%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -14.10%. Shares of the company reached a 52-week high of $310.00 on 01/02/24 and a 52-week low of $242.81 on 08/05/24. A 50-day SMA is recorded $265.88, while a 200-day SMA reached $272.07. Nevertheless, trading volume fell to 0.71 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Rockwell Automation Inc (ROK)
According to the 24-hour chart, there is a support level at 265.44, which, if violated, would cause prices to drop to 264.17. In the upper region, resistance lies at 268.05. The next price resistance is at 269.39. RSI (Relative Strength Index) is 47.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.96, which suggests the price will decrease in the coming days. Percent R is at 76.99%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
