Shares of Eaton Corporation PLC (ETN) Sees Large Outflow of Money

Eaton Corporation PLC (ETN) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.94 million) and the uptick to downtick ratio was 0.83. The transaction value on upticks was $19.86 million and on downticks, the transaction value was $23.8 million. In block trades, the transaction value of inflow done during uptick was $1.09 million. The transaction value of block trades during downticks was $4.8 million. The uptick to downtick block trade ratio was 0.23. The money flow was negative ($3.71 million), indicating the traders were booking profit on the price strength. Eaton Corporation PLC (ETN) rose $0.07 at $63.94, during intraday Thursday , a rise of 0.11% over the previous days close.


The stock has recorded a 20-day Moving Average of 5.39% and the 50-Day Moving Average is 4.5%. Shares have dropped -6.04% 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 $60.84 and the 200 Day Moving Average price is recorded at $58.29.

Eaton Corporation PLC (NYSE:ETN): The stock opened at $63.86 on Thursday but the bulls could not build on the opening and the stock topped out at $64.71 for the day. The stock traded down to $63.35 during the day, due to lack of any buying support eventually closed down at $63.80 with a loss of -0.11% for the day. The stock had closed at $63.87 on the previous day. The total traded volume was 3,706,491 shares.

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.

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