Analyzing Leggett & Platt, Inc. (LEG) After Recent Trading Activity


In a filing, Leggett & Platt, Inc. revealed its Director WOOD PHOEBE A unloaded Company’s shares for reported $0.2 million on May 23. In the deal valued at $32.61 per share,6,000 shares were sold. As a result of this transaction, WOOD PHOEBE A now holds 53,109 shares worth roughly $1.26 million.

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Then, MCCOY SUSAN R sold 1,378 shares, generating $47,555 in total proceeds. Upon selling the shares at $34.51, the SVP – Investor Relations now owns 30,202 shares.

Before that, Douglas Scott S sold 27,000 shares. Leggett & Platt, Inc. shares valued at $936,768 were divested by the SVP-Gen. Counsel and Secretary at a price of $34.70 per share. As a result of the transaction, Douglas Scott S now holds 51,619 shares, worth roughly $1.22 million.

Goldman downgraded its Leggett & Platt, Inc. [LEG] rating to a Neutral from a a Buy in a research note published on , April 11, 2023; the price target was decreased to $34 from $39.

Price Performance Review of LEG

On Tuesday, Leggett & Platt, Inc. [NYSE:LEG] saw its stock fall -2.35% to $23.66. Over the last five days, the stock has gained 0.81%. Leggett & Platt, Inc. shares have fallen nearly -9.59% since the year began. Nevertheless, the stocks have fallen -33.76% over the past one year. While a 52-week high of $38.55 was reached on 01/02/24, a 52-week low of $22.50 was recorded on 01/16/24. SMA at 50 days reached $24.86, while 200 days put it at $27.53. A total of 2.48 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For LEG Stock

The 24-hour chart illustrates a support level at 23.41, which if violated will result in even more drops to 23.17. On the upside, there is a resistance level at 24.06. A further resistance level may holdings at 24.47. The Relative Strength Index (RSI) on the 14-day chart is 41.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.94%. Stochastics %K at 38.11% indicates the stock is a holding.

How much short interest is there in Leggett & Platt, Inc.?

A steep rise in short interest was recorded in Leggett & Platt, Inc. stocks on Jan 11, 2024, growing by 0.0 shares to a total of 3.31 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 3.31 million shares.

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