Why Rockwell Automation Stock Is Moving Higher Today
An efficiency push at Rockwell Automation (NYSE: ROK) paid off in the latest quarterly results, providing reason for investors to get excited about the stock.
Shares of Rockwell were up 10% as of 10:15 a.m. ET, thanks to a strong earnings report and upbeat commentary about the future.
Rockwell provides the tools and systems needed for industrial automation. With companies looking for ways to cut costs, there is a lot of potential for automation tools. But Rockwell shares have gone nowhere in 2024, the result of anemic sales growth as customers shied away from investing in tech in an uncertain macro environment.
Source Fool.com
