Lear Corp.’s recently made public that 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 $2.24 million.
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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 $0.38 million.
Morgan Stanley upgraded its Lear Corp. [LEA] rating to an Overweight from a an Equal-weight in a research note published on May 10, 2024; the price target was increased to $160 from $150. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid October from “an Equal weight” to “an Overweight”. UBS began covering LEA with “Neutral” recommendation on September 13, 2023. Exane BNP Paribas revised its rating on June 01, 2023. It rated LEA as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of LEA
On Tuesday, Lear Corp. [NYSE:LEA] saw its stock fall -0.54% to $128.19. Over the last five days, the stock has lost -2.95%. Lear Corp. shares have fallen nearly -9.22% since the year began. Nevertheless, the stocks have risen 2.50% over the past one year. While a 52-week high of $157.90 was reached on 03/25/24, a 52-week low of $121.38 was recorded on 05/01/24. SMA at 50 days reached $135.92, while 200 days put it at $136.18. A total of 0.41 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 127.54, which if violated will result in even more drops to 126.89. On the upside, there is a resistance level at 128.59. A further resistance level may holdings at 128.98. The Relative Strength Index (RSI) on the 14-day chart is 39.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.71%. Stochastics %K at 51.78% indicates the stock is a holding.
The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $155 price target.
