Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lear Corp. shares valued at $159,175 were sold by MALLETT CONRAD L JR on May 28 ’24. At $124.55 per share, MALLETT CONRAD L JR sold 1,278 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SMITH GREG C sold 2,392 shares, netting a total of over 296,273 in proceeds. Following the sale of shares at $123.86 each, the insider now holds 0 shares.
Before that, Cardew Jason M had sold 2,750 shares from its account. In a trade valued at $387,228, the Sr. VP & CFO traded Lear Corp. shares for $140.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,750 shares, worth approximately $1.84 million.
As of May 10, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for LEA. Earlier on October 12, 2023, Barclays upgraded its rating. Their new recommendation was “an Overweight” for LEA stock which previously was a “an Equal weight”.
Analyzing LEA Stock Performance
During the last five days, there has been a drop of approximately -0.75%. Over the course of the year, Lear Corp. shares have dropped approximately -25.73%. Shares of the company reached a 52-week high of $147.11 on 03/25/24 and a 52-week low of $101.67 on 09/12/24. A 50-day SMA is recorded $109.80, while a 200-day SMA reached $124.81. Nevertheless, trading volume fell to 0.79 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Lear Corp. (LEA)
According to the 24-hour chart, there is a support level at 104.18, which, if violated, would cause prices to drop to 103.49. In the upper region, resistance lies at 106.01. The next price resistance is at 107.15. RSI (Relative Strength Index) is 42.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.57, which suggests the price will decrease in the coming days. Percent R is at 89.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
