Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rockwell Automation Inc shares valued at $132,660 were sold by MILLER JOHN M on Nov 18 ’24. At $284.07 per share, MILLER JOHN M sold 467 shares. The insider’s holdings dropped to 4,800 shares worth approximately $1.34 million following the completion of this transaction.
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Also, MILLER JOHN M purchased 467 shares, netting a total of over 132,660 in proceeds.
Before that, Rothe Christian E had added 6,145 shares to its account. In a trade valued at $1,687,597, the Sr. VP and CFO bought Rockwell Automation Inc shares for $274.63 each. Upon closing the transaction, the insider’s holdings increased to 6,145 shares, worth approximately $1.71 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 drop of approximately -2.84%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -10.36%. 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 $270.83, while a 200-day SMA reached $271.41. Nevertheless, trading volume fell to 0.99 million shares from 1.0 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 276.23, which, if violated, would cause prices to drop to 274.16. In the upper region, resistance lies at 281.08. The next price resistance is at 283.86. RSI (Relative Strength Index) is 52.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 51.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
