Flex Ltd’s recent filing unveils that its EVP, General Counsel OFFER DAVID SCOTT unloaded Company’s shares for reported $0.33 million on Aug 26 ’24. In the deal valued at $32.95 per share,10,000 shares were sold. As a result of this transaction, OFFER DAVID SCOTT now holds 158,094 shares worth roughly $5.13 million.
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Then, OFFER DAVID SCOTT sold 10,000 shares, generating $319,947 in total proceeds. Upon selling the shares at $31.99, the EVP, General Counsel now owns 168,094 shares.
Before that, OFFER DAVID SCOTT bought 20,000 shares. Flex Ltd shares valued at $639,894 were divested by the Officer at a price of $31.99 per share.
Craig Hallum upgraded its Flex Ltd [FLEX] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Barclays began covering FLEX with “an Overweight” recommendation on September 07, 2023.
Price Performance Review of FLEX
On Monday, Flex Ltd [NASDAQ:FLEX] saw its stock fall -1.46% to $32.45. Over the last five days, the stock has gained 1.50%. Flex Ltd shares have risen nearly 46.46% since the year began. Nevertheless, the stocks have risen 71.12% 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 $30.46, while 200 days put it at $28.45.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 32.19, which if violated will result in even more drops to 31.94. On the upside, there is a resistance level at 32.93. A further resistance level may holdings at 33.41. The Relative Strength Index (RSI) on the 14-day chart is 59.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.77%. Stochastics %K at 91.79% indicates the stock is a selling.
How much short interest is there in Flex Ltd?
A steep rise in short interest was recorded in Flex Ltd stocks on 2024-07-31, dropping by -0.36 million shares to a total of 6.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.03 million shares. There was a decline of -5.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 17, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $24 price target.
