Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adient plc shares valued at $809,819 were sold by DELGROSSO DOUGLAS G on Mar 06. At $45.04 per share, DELGROSSO DOUGLAS G sold 17,980 shares. The insider’s holdings dropped to 599,577 shares worth approximately $20.85 million following the completion of this transaction.
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Also, Tiltmann Heather M sold 4,900 shares, netting a total of over 220,598 in proceeds. Following the sale of shares at $45.02 each, the insider now holds 36,070 shares.
Before that, Smith Gregory Scott had sold 850 shares from its account. In a trade valued at $37,485, the SVP & Chief Accounting Officer traded Adient plc shares for $44.10 each. Upon closing the transaction, the insider’s holdings decreased to 850 shares, worth approximately $0.44 million.
Analyzing ADNT Stock Performance
On Wednesday, Adient plc [NYSE: ADNT] plunged -2.69% to $34.77. The stock’s lowest price that day was $34.34, but it reached a high of $35.25 in the same session. During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, Adient plc shares have jumped approximately 0.23%. Shares of the company reached a 52-week high of $47.50 on 02/02/23 and a 52-week low of $32.59 on 05/04/23. A 50-day SMA is recorded $37.45, while a 200-day SMA reached $37.15. Nevertheless, trading volume fell to 0.62 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Adient plc (ADNT)
According to the 24-hour chart, there is a support level at 34.32, which, if violated, would cause prices to drop to 33.88. In the upper region, resistance lies at 35.23. The next price resistance is at 35.70. RSI (Relative Strength Index) is 39.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 66.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Adient plc subject to short interest?
Stocks of Adient plc saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.39 million shares to 3.66 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 4.05 million shares. A decline of -10.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.56 of the overall float, the days-to-cover ratio (short ratio) decline to 5.56.
Which companies own the most shares of Adient plc (ADNT)?
According to Capital Research & Management Co filings, the company currently owns 12,269,254 shares, which is about 12.86% of the total ADNT shares outstanding. The investor’s shares have appreciated by 2,337 from its previous 13-F filing of 12266917.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $384,024,398. BlackRock Fund Advisors acquire a 2.30% interest valued at $383.98 million while Dimensional Fund Advisors LP purchased a 237,017 stake. A total of -352,800 shares of Adient plc were bought by Hotchkis & Wiley Capital Manageme during the quarter, and 87,342 were bought by FIAM LLC. In its current portfolio, SSgA Funds Management, Inc. holds 3,227,984 shares valued at $119.24 million.
In terms of Adient plc share price expectations, FactSet research, analysts set an average price target of $44.38 in the next 12 months, up nearly 23.15% from the previous closing price of $35.73. Analysts anticipate Adient plc stock to reach $58.00 by 2023, with the lowest price target being $34.00. In spite of this, 10 analysts ranked Adient plc stock as a Hold at the end of 2023.