Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rockwell Automation Inc shares valued at $1,687,597 were purchased by Rothe Christian E on Nov 11 ’24. At $274.63 per share, Rothe Christian E acquired 6,145 shares. The insider’s holdings grew to 6,145 shares worth approximately $1.76 million following the completion of this transaction.
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Also, Rothe Christian E purchased 1,128 shares, netting a total of over 313,307 in proceeds. Following the buying of shares at $277.75 each, the insider now holds 7,273 shares.
Before that, Lakkundi Veena M had sold 579 shares from its account. In a trade valued at $154,510, the SVP, Strategy & Corp Developmt traded Rockwell Automation Inc shares for $266.86 each. Upon closing the transaction, the insider’s holdings decreased to 579 shares, worth approximately $1.31 million.
Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of September 06, 2024, Morgan Stanley has initiated its “an Overweight” rating for ROK. Earlier on July 08, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for ROK stock.
Analyzing ROK Stock Performance
During the last five days, there has been a surge of approximately 3.37%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -7.75%. 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 $268.55, while a 200-day SMA reached $271.01. Nevertheless, trading volume fell to 1.34 million shares from 1.03 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 283.10, which, if violated, would cause prices to drop to 279.77. In the upper region, resistance lies at 289.92. The next price resistance is at 293.41. RSI (Relative Strength Index) is 60.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.80, which suggests the price will increase in the coming days. Percent R is at 26.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
