Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Eaton Corporation plc shares valued at $14,761,970 were purchased by Monesmith Heath B. on Aug 15 ’24. At $301.02 per share, Monesmith Heath B. acquired 49,040 shares.
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Also, Szmagala Taras G. Jr. sold 335 shares, netting a total of over 96,721 in proceeds. Following the sale of shares at $288.72 each, the insider now holds 9,900 shares.
Before that, Szmagala Taras G. Jr. had added 335 shares to its account. In a trade valued at $96,721, the Officer bought Eaton Corporation plc shares for $288.72 each.
As published in their initiating research note from Raymond James on June 28, 2024, Eaton Corporation plc [ETN] has been an Outperform and the price target has been revised to $375. Analysts at Wolfe Research downgraded the stock from ‘”a Peer perform”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of April 05, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for ETN. Earlier on April 02, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for ETN stock which previously was a “an Underweight”.
Analyzing ETN Stock Performance
During the last five days, there has been a surge of approximately 5.21%. Over the course of the year, Eaton Corporation plc shares have jumped approximately 25.60%. Shares of the company reached a 52-week high of $345.19 on 05/24/24 and a 52-week low of $231.84 on 01/03/24. A 50-day SMA is recorded $310.47, while a 200-day SMA reached $284.40. Nevertheless, trading volume fell to 2.32 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Eaton Corporation plc (ETN)
According to the 24-hour chart, there is a support level at 298.74, which, if violated, would cause prices to drop to 295.03. In the upper region, resistance lies at 305.47. The next price resistance is at 308.49. RSI (Relative Strength Index) is 51.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.84, which suggests the price will increase in the coming days. Percent R is at 15.23%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
