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Rockwell Automation Inc (ROK) receives a Neutral rating from UBS

Rockwell Automation Inc’s recently made public that its Officer MILLER JOHN M acquired Company’s shares for reported $0.13 million on Nov 18 ’24. In the deal valued at $284.07 per share,467 shares were bought.

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Then, Rothe Christian E bought 6,145 shares, generating $1,687,597 in total proceeds. Upon buying the shares at $274.63, the Sr. VP and CFO now owns 6,145 shares.

Before that, Rothe Christian E bought 1,128 shares. Rockwell Automation Inc shares valued at $313,307 were divested by the Sr. VP and CFO at a price of $277.75 per share. As a result of the transaction, Rothe Christian E now holds 7,273 shares, worth roughly $2.06 million.

A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Morgan Stanley began covering ROK with “an Overweight” recommendation on September 06, 2024. Redburn Atlantic started covering the stock on July 08, 2024. It rated ROK as “a Neutral”.

Price Performance Review of ROK

On Monday, Rockwell Automation Inc [NYSE:ROK] saw its stock fall -1.06% to $283.13. Over the last five days, the stock has gained 1.91%. Rockwell Automation Inc shares have fallen nearly -8.81% since the year began. Nevertheless, the stocks have risen 3.79% 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 $269.63, while 200 days put it at $271.21.

Levels Of Support And Resistance For ROK Stock

The 24-hour chart illustrates a support level at 280.75, which if violated will result in even more drops to 278.38. On the upside, there is a resistance level at 285.78. A further resistance level may holdings at 288.44. The Relative Strength Index (RSI) on the 14-day chart is 57.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.61%. Stochastics %K at 69.92% 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 2024-10-31, dropping by -0.48 million shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.56 million shares. There was a decline of -23.16%, which implies that there is a negative sentiment for the stock.

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