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Investing in Leggett & Platt, Inc. (LEG): What You Must Know

In a filing, Leggett & Platt, Inc. revealed its EVP-Chief Strategic Plan. Off. KLEIBOEKER RYAN MICHAEL acquired Company’s shares for reported $0.13 million on May 02 ’24. In the deal valued at $13.39 per share,10,000 shares were bought. As a result of this transaction, KLEIBOEKER RYAN MICHAEL now holds 41,535 shares worth roughly $0.53 million.

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Then, WOOD PHOEBE A sold 6,000 shares, generating $195,679 in total proceeds. Upon selling the shares at $32.61, the Director now owns 53,109 shares.

Goldman downgraded its Leggett & Platt, Inc. [LEG] rating to a Neutral from a a Buy in a research note published on April 11, 2023; the price target was decreased to $34 from $39. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “an Underweight”. Raymond James also remained covering LEG and has decreased its forecast on May 04, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on February 10, 2021. It rated LEG as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of LEG

On Friday, Leggett & Platt, Inc. [NYSE:LEG] saw its stock fall -1.69% to $12.76. Over the last five days, the stock has lost -8.53%. Leggett & Platt, Inc. shares have fallen nearly -51.24% since the year began. Nevertheless, the stocks have fallen -60.26% over the past one year. While a 52-week high of $33.06 was reached on 01/02/24, a 52-week low of $11.02 was recorded on 05/01/24. SMA at 50 days reached $17.92, while 200 days put it at $23.22. A total of 2.63 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For LEG Stock

The 24-hour chart illustrates a support level at 12.50, which if violated will result in even more drops to 12.23. On the upside, there is a resistance level at 13.01. A further resistance level may holdings at 13.25. The Relative Strength Index (RSI) on the 14-day chart is 20.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.58%. Stochastics %K at 25.51% indicates the stock is a holding.

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