In a filing, Eaton Corporation plc revealed its Director PAGE GREGORY R unloaded Company’s shares for reported $3.56 million on Dec 13 ’24. In the deal valued at $355.98 per share,10,000 shares were sold. As a result of this transaction, PAGE GREGORY R now holds 43,203 shares worth roughly $14.8 million.
Then, PAGE GREGORY R bought 10,000 shares, generating $3,559,801 in total proceeds.
Before that, Monesmith Heath B. sold 8,070 shares. Eaton Corporation plc shares valued at $2,904,657 were divested by the insider below. at a price of $359.93 per share. As a result of the transaction, Monesmith Heath B. now holds 63,880 shares, worth roughly $21.88 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 Friday, Eaton Corporation plc [NYSE:ETN] saw its stock jump 3.20% to $342.58. Over the last five days, the stock has gained 0.71%. Eaton Corporation plc shares have risen nearly 3.23% since the year began. Nevertheless, the stocks have risen 46.97% over the past one year. While a 52-week high of $379.99 was reached on 01/03/25, a 52-week low of $231.84 was recorded on 01/02/25. SMA at 50 days reached $354.44, while 200 days put it at $326.12.
Levels Of Support And Resistance For ETN Stock
The 24-hour chart illustrates a support level at 336.34, which if violated will result in even more drops to 330.09. On the upside, there is a resistance level at 346.14. A further resistance level may holdings at 349.69. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.81%. Stochastics %K at 23.06% indicates the stock is a holding.
How much short interest is there in Eaton Corporation plc?
A steep rise in short interest was recorded in Eaton Corporation plc stocks on 2024-12-13, growing by 0.69 million shares to a total of 4.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.18 million shares. There was a rise of 14.12%, which implies that there is a positive sentiment for the stock.
