Rockwell Automation Inc’s recently made public that its President and CEO Moret Blake D. unloaded Company’s shares for reported $7.97 million on Nov 25 ’24. In the deal valued at $298.63 per share,26,700 shares were sold. As a result of this transaction, Moret Blake D. now holds 78,115 shares worth roughly $23.33 million.
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Then, Perducat Cyril sold 1,000 shares, generating $300,000 in total proceeds. Upon selling the shares at $300.00, the SVP, Chief Technology Officer now owns 3,630 shares.
Before that, Bulho Matheus De A G Viera sold 350 shares. Rockwell Automation Inc shares valued at $105,000 were divested by the SVP Software and Control at a price of $300.00 per share. As a result of the transaction, Bulho Matheus De A G Viera now holds 841 shares, worth roughly $0.25 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 jump 2.70% to $298.70. Over the last five days, the stock has gained 5.50%. Rockwell Automation Inc shares have fallen nearly -3.79% since the year began. Nevertheless, the stocks have risen 9.41% 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 $272.12, while 200 days put it at $271.55.
Levels Of Support And Resistance For ROK Stock
The 24-hour chart illustrates a support level at 293.42, which if violated will result in even more drops to 288.13. On the upside, there is a resistance level at 303.77. A further resistance level may holdings at 308.83. The Relative Strength Index (RSI) on the 14-day chart is 66.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.26%. Stochastics %K at 72.50% 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.
