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Examining the Potential Price Growth of Adient plc (ADNT)

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 $2.85 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 $0.97 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 1.08% to $30.75. Over the last five days, the stock has gained 6.07%. Adient plc shares have fallen nearly -15.43% since the year began. Nevertheless, the stocks have fallen -15.73% 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 $32.26, while 200 days put it at $35.31. A total of 1.19 million shares were traded, compared to the trading of 1.18 million shares in the previous session.

Levels Of Support And Resistance For ADNT Stock

The 24-hour chart illustrates a support level at 30.53, which if violated will result in even more drops to 30.32. On the upside, there is a resistance level at 31.08. A further resistance level may holdings at 31.41. The Relative Strength Index (RSI) on the 14-day chart is 50.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.22%. Stochastics %K at 64.28% indicates the stock is a holding.

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