In a filing, Adient plc revealed 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 $0.34 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $2.06 million.
Exane BNP Paribas also remained covering ADNT and has increased its forecast on July 01, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Barclays revised its rating on April 10, 2024. It rated ADNT as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ADNT
On Friday, Adient plc [NYSE:ADNT] saw its stock jump 1.69% to $22.25. Over the last five days, the stock has gained 0.41%. Adient plc shares have fallen nearly -38.81% since the year began. Nevertheless, the stocks have fallen -39.80% over the past one year. While a 52-week high of $37.19 was reached on 01/02/24, a 52-week low of $19.40 was recorded on 09/12/24. SMA at 50 days reached $21.83, while 200 days put it at $28.18.
Levels Of Support And Resistance For ADNT Stock
The 24-hour chart illustrates a support level at 21.86, which if violated will result in even more drops to 21.46. On the upside, there is a resistance level at 22.63. A further resistance level may holdings at 23.00. The Relative Strength Index (RSI) on the 14-day chart is 51.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.10%. Stochastics %K at 24.90% indicates the stock is a holding.
How much short interest is there in Adient plc?
A steep rise in short interest was recorded in Adient plc stocks on 2024-09-30, growing by 1.56 million shares to a total of 5.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.19 million shares. There was a rise of 27.16%, 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 $43 price target.
