Large Outflow of Money Witnessed in Eaton Corporation PLC

Eaton Corporation PLC (ETN) : The total negative money flow of $2.26 million on Wednesday indicates selling on strength. The inflow of money on upticks was $10.41 million, compared to $12.66 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.82. The negative money flow of $1.01 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.66 million in a block trade.The transaction value of block trade on downtick was $0.64 million. The uptick to downtick ratio was 2.58. The price action in the Eaton Corporation PLC (ETN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $64.07 with a gain of $0.66 , a change of 1.04% over the previous days close. The stock registered 1.2% for the week.


Shares of Eaton Corporation plc appreciated by 1.32% during the last five trading days but lost 4.64% on a 4-week basis. Eaton Corporation plc is up 12.15% in the last 3-month period. Year-to-Date the stock performance stands at 27.59%.

Eaton Corporation PLC (ETN) has an average broker rating of 2.72, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Eaton Corporation PLC (NYSE:ETN): The stock opened at $63.69 and touched an intraday high of $64.61 on Wednesday. During the day, the stock corrected to an intraday low of $63.52, however, the bulls stepped in and pushed the price higher to close in the green at $64.57 with a gain of 1.83% for the day. The total traded volume for the day was 1,916,683. The stock had closed at $63.41 in the previous trading session.

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