Eaton shares slip 5.28% and underperform competitors

9 articles · Updated · MarketWatch · May 7

The stock closed at $399.15 on Thursday, with trading volume of 3.5 million shares, above its 50-day average of 2.6 million.
Eaton ended 8.33% below its 52-week high of $435.43 reached on May 1, as GE Aerospace, Emerson Electric and TE Connectivity posted smaller declines.
The drop came in a weak broader market session, with the S&P 500 down 0.38% and the Dow Jones Industrial Average falling 0.63%.

Why did Eaton’s stock plunge despite record earnings and a massive AI-driven backlog?

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