Flex Ltd’s filing revealed that its Group President Tan Kwang Hooi unloaded Company’s shares for reported $0.23 million on Mar 13 ’24. In the deal valued at $28.81 per share,8,027 shares were sold. As a result of this transaction, Tan Kwang Hooi now holds 159,718 shares worth roughly $4.46 million.
Then, WENDLER DANIEL sold 1,860 shares, generating $53,728 in total proceeds. Upon selling the shares at $28.89, the Chief Accounting Officer now owns 28,730 shares.
Before that, Hartung Michael P sold 43,381 shares. Flex Ltd shares valued at $1,323,576 were divested by the Group President at a price of $30.51 per share. As a result of the transaction, Hartung Michael P now holds 154,810 shares, worth roughly $4.32 million.
Craig Hallum downgraded its Flex Ltd [FLEX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Credit Suisse started covering the stock on August 17, 2022. It rated FLEX as “an Outperform”.
Price Performance Review of FLEX
On Friday, Flex Ltd [NASDAQ:FLEX] saw its stock jump 1.75% to $27.90. Over the last five days, the stock has lost -3.69%. Flex Ltd shares have risen nearly 25.92% since the year began. Nevertheless, the stocks have risen 90.64% over the past one year. While a 52-week high of $30.93 was reached on 03/08/24, a 52-week low of $14.44 was recorded on 01/17/24. SMA at 50 days reached $28.45, while 200 days put it at $26.74. A total of 7.54 million shares were traded, compared to the trading of 10.5 million shares in the previous session.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 27.34, which if violated will result in even more drops to 26.78. On the upside, there is a resistance level at 28.45. A further resistance level may holdings at 29.01. The Relative Strength Index (RSI) on the 14-day chart is 48.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.62%. Stochastics %K at 43.29% indicates the stock is a holding.
