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 $892,830 were purchased by KEANE JAMES P on Nov 26 ’24. At $297.61 per share, KEANE JAMES P acquired 3,000 shares.
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Also, Moret Blake D. sold 26,700 shares, netting a total of over 7,973,390 in proceeds. Following the sale of shares at $298.63 each, the insider now holds 78,115 shares.
Before that, Perducat Cyril had sold 1,000 shares from its account. In a trade valued at $300,000, the SVP, Chief Technology Officer traded Rockwell Automation Inc shares for $300.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.07 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 5.31%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -5.00%. 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 $273.42, while a 200-day SMA reached $271.71. Nevertheless, trading volume fell to 0.64 million shares from 1.16 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 291.89, which, if violated, would cause prices to drop to 288.83. In the upper region, resistance lies at 298.98. The next price resistance is at 303.01. RSI (Relative Strength Index) is 62.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.75, which suggests the price will increase in the coming days. Percent R is at 27.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
