In a filing, Adient plc revealed its SVP & Chief Accounting Officer Smith Gregory Scott unloaded Company’s shares for reported $29470.0 on May 15 ’24. In the deal valued at $29.47 per share,1,000 shares were sold. As a result of this transaction, Smith Gregory Scott now holds 15,399 shares worth roughly $0.43 million.
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Then, Carlin Peter sold 4,207 shares, generating $121,582 in total proceeds. Upon selling the shares at $28.90, the Director now owns 28,352 shares.
Before that, Berthelin Michel Pierre Rose sold 1,300 shares. Adient plc shares valued at $44,486 were divested by the EVP, EMEA at a price of $34.22 per share. As a result of the transaction, Berthelin Michel Pierre Rose now holds 92,662 shares, worth roughly $2.58 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 fall -0.11% to $27.85. Over the last five days, the stock has lost -0.85%. Adient plc shares have fallen nearly -23.40% since the year began. Nevertheless, the stocks have fallen -25.49% over the past one year. While a 52-week high of $46.51 was reached on 01/02/24, a 52-week low of $26.78 was recorded on 05/29/24. SMA at 50 days reached $29.13, while 200 days put it at $33.42. A total of 1.4 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For ADNT Stock
The 24-hour chart illustrates a support level at 27.16, which if violated will result in even more drops to 26.46. On the upside, there is a resistance level at 28.33. A further resistance level may holdings at 28.80. The Relative Strength Index (RSI) on the 14-day chart is 45.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.56%. Stochastics %K at 39.72% indicates the stock is a holding.
