The market has been down on Rockwell Automation (ROK) stock recently. ROK gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ROK Stock Today?
Rockwell Automation (ROK) stock has fallen -4.11% while the S&P 500 is higher by 0.09% as of 1:33 PM on Tuesday, Jan 26. ROK is down -$10.72 from the previous closing price of $260.85 on volume of 1,266,326 shares. Over the past year the S&P 500 is up 18.96% while ROK is higher by 28.99%. ROK earned $8.77 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.4.
To see the top 5 stocks in the Specialty Industrial Machinery industry click here.
More About Rockwell Automation
Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with Schlumberger.
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