Checking in on Lear Corporation (LEA) after recent insiders movement


Lear Corporation’s filing revealed that its VP, Treasurer VIdershain Marianne unloaded Company’s shares for reported $30432.0 on Nov 10. In the deal valued at $179.01 per share,170 shares were sold. As a result of this transaction, VIdershain Marianne now holds 0 shares worth roughly $ 0.0.

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Then, SCOTT RAYMOND E sold 6,143 shares, generating $769,779 in total proceeds. Upon selling the shares at $125.31, the President and CEO now owns 29,525 shares.

Before that, SCOTT RAYMOND E sold 6,143 shares. Lear Corporation shares valued at $837,291 were divested by the President and CEO at a price of $136.30 per share. As a result of the transaction, SCOTT RAYMOND E now holds 35,668 shares, worth roughly $4.87 million.

Exane BNP Paribas upgraded its Lear Corporation [LEA] rating to a Neutral from a an Underperform in a research note published on Friday, July 11, 2022; the price target was increased to $140 from $117. PT values the company’s stock at a premium of 2.49 to its Friday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early June from “an Equal weight” to “an Overweight”. Exane BNP Paribas began covering LEA with “an Underperform” recommendation on April 11, 2022. BofA Securities revised its rating on April 06, 2022. It rated LEA as “a Buy” which previously was an “an Underperform”.

Price Performance Review of LEA

On Friday, Lear Corporation [NYSE:LEA] saw its stock jump 6.18% to $136.52. On the same session, the stock had its day’s lowest price of $131.97, but rose to a high of $138.165. Over the last five days, the stock has lost -1.44%. Lear Corporation shares have fallen nearly -25.38% since the year began. Nevertheless, the stocks have fallen -23.06% over the past one year. While a 52-week high of $195.43 was reached on 01/05/22, a 52-week low of $114.67 was recorded on 10/13/22. SMA at 50 days reached $131.49, while 200 days put it at $139.50. A total of 0.54 million shares were traded, compared to the trading of 0.53 million shares in the previous session.

Levels Of Support And Resistance For LEA Stock

The 24-hour chart illustrates a support level at 132.94, which if violated will result in even more drops to 129.36. On the upside, there is a resistance level at 139.13. A further resistance level may holdings at 141.75. The Relative Strength Index (RSI) on the 14-day chart is 56.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.02%. Stochastics %K at 46.88% indicates the stock is a holding.

How much short interest is there in Lear Corporation?

A steep rise in short interest was recorded in Lear Corporation stocks on Jul 14, 2022, growing by 40000.0 shares to a total of 1.49 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.45 million shares. There was a rise of 2.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.32.

Lear Corporation [LEA] – Who Are The Largest Shareholders?

In filings from Pzena Investment Management LLC, it is revealed that the company now owns 6,864,149 shares, or roughly 11.56% of the outstanding LEA shares. In other words, the investor’s shares have risen by 401,070 from its previous 13-F filing of 6463079.0. Additionally, The Vanguard Group, Inc. increased 10.59% of its stake after which the total value it holdings stand at $727,941,534, while BlackRock Fund Advisors reduced -0.11% of its stake to hold $596.36 million in the firm. Over the last quarter, Harris Associates LP sold -206,844 shares of Lear Corporation, while Capital Research & Management Co sold -369,200 shares. At present, SSgA Funds Management, Inc. is holding 2,326,242 shares valued at $278.43 million. Massachusetts Financial Services owned 2,012,911 shares of the company at the time of its most recent 13F filing, worth $240.93 million.

According to FactSet, Lear Corporation’s share price will average $151.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.77 percent from its previous closing price of $128.58. Analysts expect Lear Corporation stock to reach the higher price of $185.00, while the lowest price estimate is $132.40. However, 19 analysts have rated LEA stock as an Overweight in their predictions for 2022.


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