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 $2.69 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 $0.91 million.
Barclays downgraded its Adient plc [ADNT] rating to an Equal weight from a an Overweight in a research note published on April 10, 2024; the price target was decreased to $37 from $41. 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 ADNT and has decreased its forecast on June 01, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Barclays started covering the stock on February 15, 2023. It rated ADNT as “an Overweight”.
Price Performance Review of ADNT
On Monday, Adient plc [NYSE:ADNT] saw its stock jump 0.55% to $28.99. Over the last five days, the stock has lost -0.69%. Adient plc shares have fallen nearly -20.27% since the year began. Nevertheless, the stocks have fallen -26.29% over the past one year. While a 52-week high of $46.51 was reached on 01/02/24, a 52-week low of $27.73 was recorded on 04/18/24. SMA at 50 days reached $32.69, while 200 days put it at $35.59. A total of 0.85 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For ADNT Stock
The 24-hour chart illustrates a support level at 28.66, which if violated will result in even more drops to 28.33. On the upside, there is a resistance level at 29.25. A further resistance level may holdings at 29.50. The Relative Strength Index (RSI) on the 14-day chart is 36.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.53%. Stochastics %K at 18.44% indicates the stock is a buying.
