Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Eaton Corporation plc shares valued at $82,510 were sold by Thompson Dorothy C on Aug 13 ’24. At $289.51 per share, Thompson Dorothy C sold 285 shares. The insider’s holdings dropped to 516 shares worth approximately $0.16 million following the completion of this transaction.
Also, PAGE GREGORY R sold 10,000 shares, netting a total of over 3,559,800 in proceeds. Following the sale of shares at $355.98 each, the insider now holds 43,203 shares.
Before that, PAGE GREGORY R had added 10,000 shares to its account. In a trade valued at $3,559,801, the Director bought Eaton Corporation plc shares for $355.98 each.
As published in a research note from Melius on January 28, 2025, Eaton Corporation plc [ETN] has been rated down from a Buy to a Hold and the price target has been revised to $373. As of November 13, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for ETN. Earlier on November 05, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for ETN stock.
Analyzing ETN Stock Performance
During the last five days, there has been a drop of approximately -14.45%. Over the course of the year, Eaton Corporation plc shares have dropped approximately -4.30%. Shares of the company reached a 52-week high of $378.00 on 01/24/25 and a 52-week low of $298.29 on 01/28/25. A 50-day SMA is recorded $352.50, while a 200-day SMA reached $328.32. Nevertheless, trading volume fell to 4.27 million shares from 8.86 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 311.96, which, if violated, would cause prices to drop to 306.33. In the upper region, resistance lies at 321.39. The next price resistance is at 325.19. RSI (Relative Strength Index) is 35.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -29.70, which suggests the price will decrease in the coming days. Percent R is at 75.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
