Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eaton Corporation plc shares valued at $3,559,800 were sold by PAGE GREGORY R on Dec 13 ’24. At $355.98 per share, PAGE GREGORY R sold 10,000 shares. The insider’s holdings dropped to 43,203 shares worth approximately $14.76 million following the completion of this transaction.
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Also, PAGE GREGORY R purchased 10,000 shares, netting a total of over 3,559,801 in proceeds.
Before that, Monesmith Heath B. had sold 8,070 shares from its account. In a trade valued at $2,904,657, the insider traded Eaton Corporation plc shares for $359.93 each. Upon closing the transaction, the insider’s holdings decreased to 8,070 shares, worth approximately $21.82 million.
Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid November. As of November 05, 2024, Bernstein has initiated its “an Outperform” rating for ETN. Earlier on September 16, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for ETN stock.
Analyzing ETN Stock Performance
During the last five days, there has been a drop of approximately -1.50%. Over the course of the year, Eaton Corporation plc shares have jumped approximately 41.96%. Shares of the company reached a 52-week high of $379.99 on 11/26/24 and a 52-week low of $231.84 on 01/03/24. A 50-day SMA is recorded $355.50, while a 200-day SMA reached $325.04. Nevertheless, trading volume fell to 0.51 million shares from 1.57 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 338.60, which, if violated, would cause prices to drop to 335.65. In the upper region, resistance lies at 343.09. The next price resistance is at 344.63. RSI (Relative Strength Index) is 38.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.14, which suggests the price will decrease in the coming days. Percent R is at 79.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
