Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Adient plc shares valued at $44,486 were sold by Berthelin Michel Pierre Rose on Feb 20 ’24. At $34.22 per share, Berthelin Michel Pierre Rose sold 1,300 shares. The insider’s holdings dropped to 92,662 shares worth approximately $2.6 million following the completion of this transaction.
Also, Tiltmann Heather M sold 10,000 shares, netting a total of over 336,800 in proceeds. Following the sale of shares at $33.68 each, the insider now holds 55,669 shares.
Before that, Conklin James had sold 3,492 shares from its account. In a trade valued at $122,220, the EVP, Americas traded Adient plc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,492 shares, worth approximately $0.88 million.
As published in a research note from Barclays on April 10, 2024, Adient plc [ADNT] has been rated down from an Overweight to an Equal weight and the price target has been revised to $37 from $41. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of June 01, 2023, Exane BNP Paribas has decreased its “Neutral” rating to a “an Underperform” for ADNT. Earlier on February 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for ADNT stock.
Analyzing ADNT Stock Performance
During the last five days, there has been a drop of approximately -9.99%. Over the course of the year, Adient plc shares have dropped approximately -22.94%. Shares of the company reached a 52-week high of $37.04 on 01/02/24 and a 52-week low of $27.73 on 04/18/24. A 50-day SMA is recorded $32.86, while a 200-day SMA reached $35.68. Nevertheless, trading volume fell to 1.18 million shares from 1.05 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 27.68, which, if violated, would cause prices to drop to 27.34. In the upper region, resistance lies at 28.41. The next price resistance is at 28.80. RSI (Relative Strength Index) is 28.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 94.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
