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Eaton Corporation plc [ETN] Investment Guide: What You Need to Know

In a filing, Eaton Corporation plc revealed its Officer MARSHALL ERNEST W JR acquired Company’s shares for reported $0.53 million on Nov 25 ’24. In the deal valued at $378.58 per share,1,412 shares were bought.

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Then, Szmagala Taras G. Jr. sold 1,360 shares, generating $490,528 in total proceeds. Upon selling the shares at $360.68, the insider now owns 9,900 shares.

Before that, ARNOLD CRAIG sold 61,569 shares. Eaton Corporation plc shares valued at $22,224,453 were divested by the insider below. at a price of $360.97 per share. As a result of the transaction, ARNOLD CRAIG now holds 506,360 shares, worth roughly $190.74 million.

A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “an In-line”. Bernstein began covering ETN with “an Outperform” recommendation on November 05, 2024. Citigroup started covering the stock on September 16, 2024. It rated ETN as “a Buy”.

Price Performance Review of ETN

On Monday, Eaton Corporation plc [NYSE:ETN] saw its stock fall -0.19% to $376.68. Over the last five days, the stock has gained 5.27%. Eaton Corporation plc shares have risen nearly 56.42% since the year began. Nevertheless, the stocks have risen 64.69% over the past one year. While a 52-week high of $378.00 was reached on 11/25/24, a 52-week low of $224.52 was recorded on 01/03/24. SMA at 50 days reached $344.15, while 200 days put it at $317.70.

Levels Of Support And Resistance For ETN Stock

The 24-hour chart illustrates a support level at 372.84, which if violated will result in even more drops to 369.00. On the upside, there is a resistance level at 379.82. A further resistance level may holdings at 382.96. The Relative Strength Index (RSI) on the 14-day chart is 67.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.02%. Stochastics %K at 94.59% 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 2024-10-31, dropping by -0.93 million shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.78 million shares. There was a decline of -32.86%, which implies that there is a negative sentiment for the stock.

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