Eaton Corporation plc’s recent filing unveils that 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 $0.15 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.
Melius downgraded its Eaton Corporation plc [ETN] rating to a Hold from a a Buy in a research note published recently. Evercore ISI also remained covering ETN and has decreased its forecast on November 13, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Bernstein started covering the stock on November 05, 2024. It rated ETN as “an Outperform”.
Price Performance Review of ETN
On Friday, Eaton Corporation plc [NYSE:ETN] saw its stock fall -2.53% to $289.85. Over the last five days, the stock has lost -6.25%. Eaton Corporation plc shares have fallen nearly -12.66% since the year began. Nevertheless, the stocks have risen 4.58% over the past one year. While a 52-week high of $379.99 was reached on 01/24/25, a 52-week low of $255.65 was recorded on 02/24/25. SMA at 50 days reached $333.04, while 200 days put it at $328.01.
Levels Of Support And Resistance For ETN Stock
The 24-hour chart illustrates a support level at 283.98, which if violated will result in even more drops to 278.10. On the upside, there is a resistance level at 297.26. A further resistance level may holdings at 304.66. The Relative Strength Index (RSI) on the 14-day chart is 28.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.63%. Stochastics %K at 12.50% indicates the stock is a buying.
The most recent change occurred on September 16, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $348 price target.
