Rockwell Automation (ROK) has been under a strong bear grip, hence the stock is down -2.28% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has risen by 0.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.28% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 1.46%. Rockwell Automation (NYSE:ROK): On Fridays trading session , Opening price of the stock was $118.99 with an intraday high of $118.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $117.42. However, the stock managed to close at $117.64, a loss of 1.16% for the day. On the previous day, the stock had closed at $119.02. The total traded volume of the day was 534,835 shares.
The company Insiders own 1.54% of Rockwell Automation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.2% . Institutional Investors own 75.79% of Rockwell Automation shares. During last six month period, the net percent change held by insiders has seen a change of -2.98%. Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Rockwell Automation (NYSE:ROK). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm lowers the price target from $120 per share to $118 per share. The rating by the firm was issued on July 28, 2016.
Rockwell Automation, Inc. (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities. In the United States, Canada and certain other countries, the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries, the Company sells through a combination of its direct sales force.