Eaton Corporation PLC (NYSE:ETN) has been under a strong bear grip, hence the stock is down -1.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.44% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.74% in the last 1 week, and is up 0.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -6.76% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $66.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $60.76 and the 200 Day Moving Average price is recorded at $58.17.
The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 1.44%.
Eaton Corporation PLC (NYSE:ETN): stock turned positive on Friday. Though the stock opened at $60.72, the bulls momentum made the stock top out at $62 level for the day. The stock recorded a low of $60.52 and closed the trading day at $61.92, in the green by 3.01%. The total traded volume for the day was 2,001,832. The stock had closed at $60.11 in the previous days trading.
In an insider trading activity,The officer (See Remarks below.) of Eaton Corp Plc, Mcguire Mark M sold 18,751 shares at $63.04 on June 7, 2016. The Insider selling transaction had a total value worth of $1,182,063. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.