Rockwell Automation (ROK) has been under a strong bear grip, hence the stock is down -0.47% 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 0.7% in the past 1 week. The stock has risen by 0.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.08% in the past 4 weeks.
Rockwell Automation Inc. is up 7.18% in the last 3-month period. Year-to-Date the stock performance stands at 17.76%. The stock has recorded a 20-day Moving Average of 1.33% and the 50-Day Moving Average is 2.06%.
Rockwell Automation (NYSE:ROK): The stock opened at $117.25 on Friday but the bulls could not build on the opening and the stock topped out at $118.77 for the day. The stock traded down to $116.99 during the day, due to lack of any buying support eventually closed down at $118.43 with a loss of -0.74% for the day. The stock had closed at $119.31 on the previous day. The total traded volume was 1,318,902 shares.
Also, Major Brokerage house, Barclays maintains its ratings on Rockwell Automation (NYSE:ROK). In the latest research report, Barclays lowers the target price from $120 per share to $118 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. 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.