Flex Ltd’s filing revealed that its Former Director Michael D. Capellas acquired Company’s shares for reported $1.07 million on Sep 11 ’24. In the deal valued at $28.52 per share,37,500 shares were bought.
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Then, OFFER DAVID SCOTT sold 10,000 shares, generating $329,535 in total proceeds. Upon selling the shares at $32.95, the EVP, General Counsel now owns 158,094 shares.
Before that, OFFER DAVID SCOTT sold 10,000 shares. Flex Ltd shares valued at $319,947 were divested by the EVP, General Counsel at a price of $31.99 per share. As a result of the transaction, OFFER DAVID SCOTT now holds 168,094 shares, worth roughly $5.63 million.
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 Friday, Flex Ltd [NASDAQ:FLEX] saw its stock jump 2.92% to $33.47. Over the last five days, the stock has lost -0.27%. Flex Ltd shares have risen nearly 51.06% since the year began. Nevertheless, the stocks have risen 72.92% over the past one year. While a 52-week high of $34.42 was reached on 09/26/24, a 52-week low of $16.83 was recorded on 01/17/24. SMA at 50 days reached $31.16, while 200 days put it at $29.17.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 33.15, which if violated will result in even more drops to 32.84. On the upside, there is a resistance level at 33.63. A further resistance level may holdings at 33.80. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.25%. Stochastics %K at 69.47% indicates the stock is a holding.
How much short interest is there in Flex Ltd?
A steep rise in short interest was recorded in Flex Ltd stocks on 2024-09-13, growing by 0.34 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.69 million shares. There was a rise of 4.82%, which implies that there is a positive 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.
