In a filing, Lear Corp. revealed its Director MALLETT CONRAD L JR unloaded Company’s shares for reported $0.16 million on May 28 ’24. In the deal valued at $124.55 per share,1,278 shares were sold. As a result of this transaction, MALLETT CONRAD L JR now holds 0 shares worth roughly $0.0.
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Then, SMITH GREG C sold 2,392 shares, generating $296,273 in total proceeds. Upon selling the shares at $123.86, the Director now owns 0 shares.
Before that, Cardew Jason M sold 2,750 shares. Lear Corp. shares valued at $387,228 were divested by the Sr. VP & CFO at a price of $140.81 per share. As a result of the transaction, Cardew Jason M now holds 17,506 shares, worth roughly $1.83 million.
Morgan Stanley also remained covering LEA and has increased its forecast on May 10, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Barclays revised its rating on October 12, 2023. It rated LEA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of LEA
On Friday, Lear Corp. [NYSE:LEA] saw its stock jump 0.72% to $104.78. Over the last five days, the stock has lost -5.00%. Lear Corp. shares have fallen nearly -25.80% since the year began. Nevertheless, the stocks have fallen -23.50% over the past one year. While a 52-week high of $147.11 was reached on 03/25/24, a 52-week low of $101.67 was recorded on 09/12/24. SMA at 50 days reached $114.71, while 200 days put it at $128.25.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 103.54, which if violated will result in even more drops to 102.31. On the upside, there is a resistance level at 106.58. A further resistance level may holdings at 108.39. The Relative Strength Index (RSI) on the 14-day chart is 31.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.16%. Stochastics %K at 12.21% indicates the stock is a buying.
How much short interest is there in Lear Corp.?
A steep rise in short interest was recorded in Lear Corp. stocks on 2024-08-30, growing by 43570.0 shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.26 million shares. There was a rise of 1.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 13, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $150 price target.
