Flex Ltd’s filing revealed that its Chief Executive Officer Advaithi Revathi unloaded Company’s shares for reported $1.16 million on Jun 17 ’24. In the deal valued at $31.30 per share,37,170 shares were sold. As a result of this transaction, Advaithi Revathi now holds 2,057,473 shares worth roughly $60.67 million.
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Then, Tan Kwang Hooi sold 13,451 shares, generating $420,998 in total proceeds. Upon selling the shares at $31.30, the Group President now owns 183,496 shares.
Before that, Lundstrom Paul sold 7,895 shares. Flex Ltd shares valued at $247,102 were divested by the Chief Financial Officer at a price of $31.30 per share. As a result of the transaction, Lundstrom Paul now holds 346,943 shares, worth roughly $10.23 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 0.41% to $29.49. Over the last five days, the stock has lost -3.82%. Flex Ltd shares have risen nearly 33.10% since the year began. Nevertheless, the stocks have risen 52.07% over the past one year. While a 52-week high of $34.12 was reached on 05/30/24, a 52-week low of $16.83 was recorded on 01/17/24. SMA at 50 days reached $30.29, while 200 days put it at $27.52. A total of 4.54 million shares were traded, compared to the trading of 6.32 million shares in the previous session.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 29.15, which if violated will result in even more drops to 28.81. On the upside, there is a resistance level at 29.93. A further resistance level may holdings at 30.37. The Relative Strength Index (RSI) on the 14-day chart is 38.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.68%. Stochastics%K at 6.73% indicates the stock is a buying.
