In a filing, Eaton Corporation plc revealed its insider below. Szmagala Taras G. Jr. unloaded Company’s shares for reported $0.49 million on Nov 07 ’24. In the deal valued at $360.68 per share,1,360 shares were sold. As a result of this transaction, Szmagala Taras G. Jr. now holds 9,900 shares worth roughly $3.68 million.
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Then, ARNOLD CRAIG sold 61,569 shares, generating $22,224,453 in total proceeds. Upon selling the shares at $360.97, the insider now owns 506,360 shares.
Before that, Szmagala Taras G. Jr. bought 1,360 shares. Eaton Corporation plc shares valued at $490,528 were divested by the Officer at a price of $360.68 per share.
Bernstein initiated its Eaton Corporation plc [ETN] rating to an Outperform in a research note published on November 05, 2024; the price target was $382. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Wolfe Research also remained covering ETN and has increased its forecast on September 06, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated ETN as “an Overweight”.
Price Performance Review of ETN
On Monday, Eaton Corporation plc [NYSE:ETN] saw its stock jump 1.44% to $371.95. Over the last five days, the stock has gained 12.33%. Eaton Corporation plc shares have risen nearly 54.45% since the year began. Nevertheless, the stocks have risen 70.32% over the past one year. While a 52-week high of $369.29 was reached on 11/11/24, a 52-week low of $217.61 was recorded on 01/03/24. SMA at 50 days reached $329.62, while 200 days put it at $312.59.
Levels Of Support And Resistance For ETN Stock
The 24-hour chart illustrates a support level at 369.27, which if violated will result in even more drops to 366.59. On the upside, there is a resistance level at 374.01. A further resistance level may holdings at 376.07. The Relative Strength Index (RSI) on the 14-day chart is 73.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.77%. Stochastics %K at 93.14% 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 2024-10-15, dropping by -0.69 million shares to a total of 3.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.59 million shares. There was a decline of -17.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $375 price target.
