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Updated · MarketWatch · May 6Rockwell Automation stock rallies to new 52-week high
7 articles · Updated · MarketWatch · May 6
- Shares jumped 5.37% to $459.35 on Wednesday, topping the previous $454.67 peak set on 5 May and marking a second straight daily gain.
- The move came in a broad market advance, with the S&P 500 up 1.46% and the Dow Jones Industrial Average rising 1.24%.
- Trading volume reached 1.2 million shares, above the 50-day average of 876,907, while peers Honeywell gained 3.73% and Emerson Electric rose 6.94%.
Rockwell's valuation mirrors a tech company; can its industrial DNA transform fast enough to win the AI race against rivals? As Rockwell's stock soars on its AI strategy, can it secure its systems from hackers targeting its core technology?