Shares of Eaton Corporation PLC (ETN) Sees Large Inflow of Net Money Flow

Eaton Corporation PLC (ETN) : The money flow analysis of Eaton Corporation PLC (ETN) indicates a $4.49 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $6.83 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.52 and so was the total money flow at $2.34 million. The bulls lapped up $2.92 million worth of block trades on upticks. The money flow was $2.92 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Eaton Corporation PLC (ETN), pushing it down by -0.62% for the day. The stock slid $0.39 and traded at $62.82 during the day. Nonetheless, the stock is -1.58% over the previous weeks close.


Eaton Corporation PLC (ETN) : The highest level Eaton Corporation PLC (ETN) is projected to reach is $72 for the short term and the lowest estimate is at $54. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $62.42 and the possibility the share price can swing is $5.5.

Eaton Corporation PLC (NYSE:ETN): stock turned positive on Friday. Though the stock opened at $63.37, the bulls momentum made the stock top out at $63.44 level for the day. The stock recorded a low of $62.63 and closed the trading day at $63.38, in the green by 0.27%. The total traded volume for the day was 1,376,972. The stock had closed at $63.21 in the previous days trading.

In a related news,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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