In a filing, Eaton Corporation plc revealed its Director Thompson Dorothy C unloaded Company’s shares for reported $82510.0 on Aug 13 ’24. In the deal valued at $289.51 per share,285 shares were sold. As a result of this transaction, Thompson Dorothy C now holds 516 shares worth roughly $0.18 million.
Then, PAGE GREGORY R sold 10,000 shares, generating $3,559,800 in total proceeds. Upon selling the shares at $355.98, the Director now owns 43,203 shares.
Before that, PAGE GREGORY R bought 10,000 shares. Eaton Corporation plc shares valued at $3,559,801 were divested by the Director at a price of $355.98 per share.
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 Tuesday, Eaton Corporation plc [NYSE:ETN] saw its stock jump 3.28% to $357.63. Over the last five days, the stock has gained 4.91%. Eaton Corporation plc shares have risen nearly 7.76% since the year began. Nevertheless, the stocks have risen 48.94% over the past one year. While a 52-week high of $379.99 was reached on 01/21/25, a 52-week low of $236.20 was recorded on 01/02/25. SMA at 50 days reached $355.40, while 200 days put it at $327.67.
Levels Of Support And Resistance For ETN Stock
The 24-hour chart illustrates a support level at 352.85, which if violated will result in even more drops to 348.06. On the upside, there is a resistance level at 360.04. A further resistance level may holdings at 362.45. The Relative Strength Index (RSI) on the 14-day chart is 61.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.13%. Stochastics %K at 81.60% 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 2024-12-31, growing by 0.26 million shares to a total of 5.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.83 million shares. There was a rise of 5.12%, which implies that there is a positive sentiment for the stock.
