Rockwell Automation (ROK) : Traders are negative on Rockwell Automation (ROK), as it has 4.4% of short positions outstanding compared to its float. The total shorts have reduced by -110,073 shares, which is a -1.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,738,550 to 5,628,477 shares. While the daily trading volume of the stock is 779,943, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Rockwell Automation (NYSE:ROK): The stock opened at $118.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $118.98 for the day. The stock traded down to $117.55 during the day, due to lack of any buying support eventually closed down at $117.82 with a loss of -0.86% for the day. The stock had closed at $118.84 on the previous day. The total traded volume was 433,627 shares.
In a related news, The Securities and Exchange Commission has divulged that Chand Sujeet, (Sr VP & Chief Tech. Officer) of Rockwell Automation Inc, had unloaded 4,800 shares at an average price of $119.14 in a transaction dated on August 15, 2016. The total value of the transaction was worth $571,872.
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.