Lear Corp.’s recent filing unveils that its Sr. VP & CFO Cardew Jason M unloaded Company’s shares for reported $0.39 million on Mar 05 ’24. In the deal valued at $140.81 per share,2,750 shares were sold. As a result of this transaction, Cardew Jason M now holds 17,506 shares worth roughly $2.55 million.
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Then, SCOTT RAYMOND E sold 10,652 shares, generating $1,415,225 in total proceeds. Upon selling the shares at $132.86, the President and CEO now owns 13,627 shares.
Before that, SCOTT RAYMOND E sold 2,977 shares. Lear Corp. shares valued at $402,669 were divested by the President and CEO at a price of $135.26 per share. As a result of the transaction, SCOTT RAYMOND E now holds 2,976 shares, worth roughly $0.43 million.
Barclays upgraded its Lear Corp. [LEA] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Exane BNP Paribas also remained covering LEA and has increased its forecast on June 01, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Barclays started covering the stock on February 15, 2023. It rated LEA as “an Equal weight”.
Price Performance Review of LEA
On Friday, Lear Corp. [NYSE:LEA] saw its stock fall -0.25% to $145.70. Over the last five days, the stock has gained 3.94%. Lear Corp. shares have risen nearly 3.18% since the year began. Nevertheless, the stocks have risen 6.87% over the past one year. While a 52-week high of $157.90 was reached on 03/21/24, a 52-week low of $117.79 was recorded on 02/06/24. SMA at 50 days reached $136.40, while 200 days put it at $138.61. A total of 0.52 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 144.92, which if violated will result in even more drops to 144.13. On the upside, there is a resistance level at 146.30. A further resistance level may holdings at 146.89. The Relative Strength Index (RSI) on the 14-day chart is 66.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.11%. Stochastics %K at 93.45% indicates the stock is a selling.
How much short interest is there in Lear Corp.?
A steep rise in short interest was recorded in Lear Corp. stocks on Feb 29, 2024, dropping by -0.17 million shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.34 million shares. There was a decline of -7.83%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.09.
