Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rockwell Automation Inc shares valued at $154,510 were sold by Lakkundi Veena M on Nov 04 ’24. At $266.86 per share, Lakkundi Veena M sold 579 shares. The insider’s holdings dropped to 4,576 shares worth approximately $1.27 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Lakkundi Veena M purchased 579 shares, netting a total of over 154,510 in proceeds.
Before that, Myers Tessa M. had sold 528 shares from its account. In a trade valued at $133,996, the SVP, Intelligent Devices traded Rockwell Automation Inc shares for $253.78 each. Upon closing the transaction, the insider’s holdings decreased to 528 shares, worth approximately $1.03 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 surge of approximately 3.89%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -10.75%. 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 $266.80, while a 200-day SMA reached $271.37. Nevertheless, trading volume fell to 2.02 million shares from 2.2 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 271.12, which, if violated, would cause prices to drop to 265.14. In the upper region, resistance lies at 287.87. The next price resistance is at 298.64. RSI (Relative Strength Index) is 55.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.42, which suggests the price will increase in the coming days. Percent R is at 55.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
