Adient plc’s filing revealed that 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 $0.38 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 $2.3 million.
Exane BNP Paribas upgraded its Adient plc [ADNT] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “an Equal weight”. UBS began covering ADNT with “Neutral” recommendation on September 13, 2023. Exane BNP Paribas revised its rating on June 01, 2023. It rated ADNT as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of ADNT
On Tuesday, Adient plc [NYSE:ADNT] saw its stock jump 0.77% to $24.86. Over the last five days, the stock has lost -0.12%. Adient plc shares have fallen nearly -31.63% since the year began. Nevertheless, the stocks have fallen -35.13% over the past one year. While a 52-week high of $46.51 was reached on 01/02/24, a 52-week low of $24.22 was recorded on 06/26/24. SMA at 50 days reached $27.68, while 200 days put it at $32.42. A total of 0.81 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For ADNT Stock
The 24-hour chart illustrates a support level at 24.56, which if violated will result in even more drops to 24.26. On the upside, there is a resistance level at 25.07. A further resistance level may holdings at 25.28. The Relative Strength Index (RSI) on the 14-day chart is 35.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.91%. Stochastics%K at 12.42% indicates the stock is a buying.
The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $57 price target.
