Rockwell Automation Inc’s recent filing unveils that its President and CEO Moret Blake D. unloaded Company’s shares for reported $0.51 million on Dec 10 ’24. In the deal valued at $296.86 per share,1,730 shares were sold. As a result of this transaction, Moret Blake D. now holds 83,873 shares worth roughly $23.96 million.
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Then, Moret Blake D. sold 1,121 shares, generating $338,556 in total proceeds. Upon selling the shares at $302.01, the President and CEO now owns 81,754 shares.
Before that, Myers Tessa M. sold 224 shares. Rockwell Automation Inc shares valued at $66,483 were divested by the SVP, Intelligent Devices at a price of $296.80 per share. As a result of the transaction, Myers Tessa M. now holds 4,881 shares, worth roughly $1.39 million.
Jefferies upgraded its Rockwell Automation Inc [ROK] rating to a Buy from a a Hold in a research note published on December 12, 2024; the price target was increased to $350 from $290. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. KeyBanc Capital Markets also remained covering ROK and has increased its forecast on December 09, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Barclays revised its rating on December 05, 2024. It rated ROK as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of ROK
On Monday, Rockwell Automation Inc [NYSE:ROK] saw its stock fall -1.67% to $285.64. Over the last five days, the stock has lost -1.43%. Rockwell Automation Inc shares have fallen nearly -8.00% since the year began. Nevertheless, the stocks have fallen -8.04% over the past one year. While a 52-week high of $312.55 was reached on 01/02/24, a 52-week low of $242.81 was recorded on 08/05/24. SMA at 50 days reached $284.28, while 200 days put it at $272.75.
Levels Of Support And Resistance For ROK Stock
The 24-hour chart illustrates a support level at 283.13, which if violated will result in even more drops to 280.61. On the upside, there is a resistance level at 287.99. A further resistance level may holdings at 290.33. The Relative Strength Index (RSI) on the 14-day chart is 45.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.34%. Stochastics %K at 41.53% 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 2024-12-13, dropping by -0.37 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.11 million shares. There was a decline of -13.33%, which implies that there is a negative sentiment for the stock.
