Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rockwell Automation Inc shares valued at $513,576 were sold by Moret Blake D. on Dec 10 ’24. At $296.86 per share, Moret Blake D. sold 1,730 shares. The insider’s holdings dropped to 83,873 shares worth approximately $23.99 million following the completion of this transaction.
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Also, Moret Blake D. sold 1,121 shares, netting a total of over 338,556 in proceeds. Following the sale of shares at $302.01 each, the insider now holds 81,754 shares.
Before that, Myers Tessa M. had sold 224 shares from its account. In a trade valued at $66,483, the SVP, Intelligent Devices traded Rockwell Automation Inc shares for $296.80 each. Upon closing the transaction, the insider’s holdings decreased to 224 shares, worth approximately $1.4 million.
As published in a research note from Jefferies on December 12, 2024, Rockwell Automation Inc [ROK] has been rated up from a Hold to a Buy and the price target has been revised to $350 from $290. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of December 09, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for ROK. Earlier on December 05, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for ROK stock which previously was a “an Underweight”.
Analyzing ROK Stock Performance
During the last five days, there has been a drop of approximately -5.59%. Over the course of the year, Rockwell Automation Inc shares have dropped approximately -7.88%. 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 $282.13, while a 200-day SMA reached $272.66. Nevertheless, trading volume fell to 1.34 million shares from 1.48 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 279.31, which, if violated, would cause prices to drop to 272.61. In the upper region, resistance lies at 293.25. The next price resistance is at 300.49. RSI (Relative Strength Index) is 45.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.81, which suggests the price will decrease in the coming days. Percent R is at 74.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
