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 $2.35 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 $0.4 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 Monday, Lear Corp. [NYSE:LEA] saw its stock jump 0.95% to $134.12. Over the last five days, the stock has gained 1.35%. Lear Corp. shares have fallen nearly -5.02% since the year began. Nevertheless, the stocks have fallen -1.10% 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 $138.69, while 200 days put it at $138.36. A total of 0.5 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 132.60, which if violated will result in even more drops to 131.08. On the upside, there is a resistance level at 135.32. A further resistance level may holdings at 136.52. The Relative Strength Index (RSI) on the 14-day chart is 41.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.60%. Stochastics %K at 16.88% indicates the stock is a buying.
