In a filing, Lear Corp. revealed 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 $2.52 million.
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 Tuesday, Lear Corp. [NYSE:LEA] saw its stock jump 1.68% to $143.82. Over the last five days, the stock has lost -0.31%. Lear Corp. shares have risen nearly 1.85% since the year began. Nevertheless, the stocks have risen 9.20% over the past one year. While a 52-week high of $157.90 was reached on 03/25/24, a 52-week low of $117.79 was recorded on 02/06/24. SMA at 50 days reached $138.88, while 200 days put it at $138.75. A total of 0.42 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 142.28, which if violated will result in even more drops to 140.73. On the upside, there is a resistance level at 144.74. A further resistance level may holdings at 145.65. The Relative Strength Index (RSI) on the 14-day chart is 56.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.57%. Stochastics %K at 36.74% indicates the stock is a holding.
How much short interest is there in Lear Corp.?
A steep rise in short interest was recorded in Lear Corp. stocks on Mar 28, 2024, growing by 0.66 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.17 million shares. There was a rise of 23.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.02.
