Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lear Corporation shares valued at $30,432 were sold by VIdershain Marianne on Nov 10. At $179.01 per share, VIdershain Marianne sold 170 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SCOTT RAYMOND E sold 6,143 shares, netting a total of over 785,260 in proceeds. Following the sale of shares at $127.83 each, the insider now holds 47,954 shares.
Before that, SCOTT RAYMOND E had sold 6,143 shares from its account. In a trade valued at $828,814, the President and CEO traded Lear Corporation shares for $134.92 each. Upon closing the transaction, the insider’s holdings decreased to 6,143 shares, worth approximately $8.01 million.
As published in a research note from Exane BNP Paribas on July 11, 2022, Lear Corporation [LEA] has been rated up from an Underperform to a Neutral and the price target has been revised to $140 from $117. This represents a -5.71% premium over Thursday’s closing price. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of April 11, 2022, Exane BNP Paribas has initiated its “an Underperform” rating for LEA. Earlier on April 06, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for LEA stock which previously was a “an Underperform”.
Analyzing LEA’s Price Performance
On Thursday, Lear Corporation [NYSE: LEA] plunged -5.27% to $148.00. The stock’s lowest price that day was $147.95, but it reached a high of $154.95 in the same session. During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Lear Corporation shares have dropped approximately -19.10%. Shares of the company reached a 52-week high of $195.43 on 01/05/22 and a 52-week low of $118.38 on 06/16/22. A 50-day SMA is recorded $135.47, while a 200-day SMA reached $153.94. Nevertheless, trading volume fell to 1.04 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Lear Corporation (LEA)
According to the 24-hour chart, there is a support level at 145.65, which, if violated, would cause prices to drop to 143.30. In the upper region, resistance lies at 152.65. The next price resistance is at 157.30. RSI (Relative Strength Index) is 58.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.94, which suggests the price will increase in the coming days. Percent R is at 35.20%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Lear Corporation subject to short interest?
Stocks of Lear Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 40000.0 shares to 1.49 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.45 million shares. A jump of 2.68% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.32.
Which companies own the most shares of Lear Corporation (LEA)?
According to Pzena Investment Management LLC filings, the company currently owns 6,265,529 shares, which is about 10.48% of the total LEA shares outstanding. The investor’s shares have appreciated by 1,103,398 from its previous 13-F filing of 5162131.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $680,768,933. BlackRock Fund Advisors acquire a 0.87% interest valued at $627.94 million while Harris Associates LP sold a -133,815 stake. A total of 993,216 shares of Lear Corporation were sold by Capital Research & Management Co during the quarter, and 12,072 were bought by SSgA Funds Management, Inc. In its current portfolio, Fidelity Management & Research Co holds 2,307,009 shares valued at $290.43 million.
In terms of Lear Corporation share price expectations, FactSet research, analysts set an average price target of $167.69 in the next 12 months, up nearly 5.61% from the previous closing price of $156.23. Analysts anticipate Lear Corporation stock to reach $196.00 by 2022, with the lowest price target being $140.00. In spite of this, 20 analysts ranked Lear Corporation stock as an Overweight at the end of 2022. On February 28, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and downgraded coverage with a $175.