The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Adient plc shares valued at $29,470 were sold by Smith Gregory Scott on May 15 ’24. At $29.47 per share, Smith Gregory Scott sold 1,000 shares. The insider’s holdings dropped to 15,399 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Carlin Peter sold 4,207 shares, netting a total of over 121,582 in proceeds. Following the sale of shares at $28.90 each, the insider now holds 28,352 shares.
Before that, Berthelin Michel Pierre Rose had sold 1,300 shares from its account. In a trade valued at $44,486, the EVP, EMEA traded Adient plc shares for $34.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,300 shares, worth approximately $1.98 million.
As of July 01, 2024, Exane BNP Paribas has increased its “an Underperform” rating to a “Neutral” for ADNT. Earlier on April 10, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for ADNT stock which previously was a “an Overweight”.
Analyzing ADNT Stock Performance
During the last five days, there has been a drop of approximately -3.66%. Over the course of the year, Adient plc shares have dropped approximately -41.28%. Shares of the company reached a 52-week high of $37.04 on 01/02/24 and a 52-week low of $19.40 on 09/12/24. A 50-day SMA is recorded $21.96, while a 200-day SMA reached $28.33. Nevertheless, trading volume fell to 0.59 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Adient plc (ADNT)
According to the 24-hour chart, there is a support level at 21.01, which, if violated, would cause prices to drop to 20.67. In the upper region, resistance lies at 21.77. The next price resistance is at 22.20. RSI (Relative Strength Index) is 43.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 91.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
