DJ Eaton Corp. PLC Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Eaton Corp. PLC $(ETN)$ rallied 1.04% to $315.27 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The stock's rise snapped a two-day losing streak.
Eaton Corp. PLC closed $17.79 short of its 52-week high ($333.06), which the company reached on April 30th.
The stock underperformed when compared to some of its competitors Thursday, as GE Aerospace $(GE)$ rose 1.84% to $162.64.
Trading volume (3.0 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 16:41 ET (20:41 GMT)
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