Adient plc’s recently made public that its EVP, EMEA Berthelin Michel Pierre Rose unloaded Company’s shares for reported $44486.0 on Feb 20 ’24. In the deal valued at $34.22 per share,1,300 shares were sold. As a result of this transaction, Berthelin Michel Pierre Rose now holds 92,662 shares worth roughly $2.88 million.
Then, Tiltmann Heather M sold 10,000 shares, generating $336,800 in total proceeds. Upon selling the shares at $33.68, the EVP, CLO, CHRO & Secretary now owns 55,669 shares.
Before that, Conklin James sold 3,492 shares. Adient plc shares valued at $122,220 were divested by the EVP, Americas at a price of $35.00 per share. As a result of the transaction, Conklin James now holds 31,542 shares, worth roughly $0.98 million.
UBS initiated its Adient plc [ADNT] rating to a Neutral in a research note published on September 13, 2023; the price target was $43. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early June from “a Neutral” to “an Underperform”. Barclays began covering ADNT with “an Overweight” recommendation on February 15, 2023. Wolfe Research revised its rating on February 09, 2023. It rated ADNT as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of ADNT
On Monday, Adient plc [NYSE:ADNT] saw its stock fall -0.13% to $31.11. Over the last five days, the stock has lost -2.54%. Adient plc shares have fallen nearly -14.44% since the year began. Nevertheless, the stocks have fallen -18.90% over the past one year. While a 52-week high of $46.51 was reached on 01/02/24, a 52-week low of $30.10 was recorded on 03/27/24. SMA at 50 days reached $33.78, while 200 days put it at $36.00. A total of 1.14 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For ADNT Stock
The 24-hour chart illustrates a support level at 30.85, which if violated will result in even more drops to 30.59. On the upside, there is a resistance level at 31.61. A further resistance level may holdings at 32.11. The Relative Strength Index (RSI) on the 14-day chart is 36.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.39%. Stochastics %K at 14.42% indicates the stock is a buying.
How much short interest is there in Adient plc?
A steep rise in short interest was recorded in Adient plc stocks on Mar 15, 2024, growing by 1.01 million shares to a total of 5.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.38 million shares. There was a rise of 18.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.48.
