Eaton Corporation plc’s recently made public that its Director Thompson Dorothy C acquired Company’s shares for reported $0.66 million on Sep 03 ’24. In the deal valued at $300.30 per share,2,205 shares were bought. As a result of this transaction, Thompson Dorothy C now holds 2,205 shares worth roughly $0.74 million.
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Then, Thompson Dorothy C sold 2,205 shares, generating $661,809 in total proceeds. Upon selling the shares at $300.14, the Director now owns 798 shares.
Before that, Yelton Michael sold 3,136 shares. Eaton Corporation plc shares valued at $950,584 were divested by the insider below at a price of $303.12 per share. As a result of the transaction, Yelton Michael now holds 3,914 shares, worth roughly $1.31 million.
Citigroup initiated its Eaton Corporation plc [ETN] rating to a Buy in a research note published on September 16, 2024; the price target was $348. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “an Underperform” to “a Peer perform”. Morgan Stanley began covering ETN with “an Overweight” recommendation on September 06, 2024. Raymond James started covering the stock on June 28, 2024. It rated ETN as “an Outperform”.
Price Performance Review of ETN
On Monday, Eaton Corporation plc [NYSE:ETN] saw its stock jump 0.47% to $334.63. Over the last five days, the stock has gained 0.96%. Eaton Corporation plc shares have risen nearly 38.95% since the year began. Nevertheless, the stocks have risen 64.70% over the past one year. While a 52-week high of $345.19 was reached on 05/24/24, a 52-week low of $191.82 was recorded on 01/03/24. SMA at 50 days reached $303.89, while 200 days put it at $299.47.
Levels Of Support And Resistance For ETN Stock
The 24-hour chart illustrates a support level at 331.44, which if violated will result in even more drops to 328.25. On the upside, there is a resistance level at 336.57. A further resistance level may holdings at 338.51. The Relative Strength Index (RSI) on the 14-day chart is 67.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.34%. Stochastics %K at 85.19% indicates the stock is a selling.
How much short interest is there in Eaton Corporation plc?
A steep rise in short interest was recorded in Eaton Corporation plc stocks on 2024-09-13, dropping by -0.36 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.95 million shares. There was a decline of -7.84%, which implies that there is a negative sentiment for the stock.
