Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Flex Ltd shares valued at $1,069,500 were purchased by Michael D. Capellas on Sep 11 ’24. At $28.52 per share, Michael D. Capellas acquired 37,500 shares.
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Also, OFFER DAVID SCOTT sold 10,000 shares, netting a total of over 329,535 in proceeds. Following the sale of shares at $32.95 each, the insider now holds 158,094 shares.
Before that, OFFER DAVID SCOTT had sold 10,000 shares from its account. In a trade valued at $319,947, the EVP, General Counsel traded Flex Ltd shares for $31.99 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.73 million.
As published in their initiating research note from KeyBanc Capital Markets on October 22, 2024, Flex Ltd [FLEX] has been an Overweight and the price target has been revised to $41. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 02, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for FLEX. Earlier on September 07, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for FLEX stock.
Analyzing FLEX Stock Performance
During the last five days, there has been a drop of approximately -0.64%. Over the course of the year, Flex Ltd shares have jumped approximately 53.95%. Shares of the company reached a 52-week high of $35.84 on 10/14/24 and a 52-week low of $21.84 on 01/17/24. A 50-day SMA is recorded $32.31, while a 200-day SMA reached $29.58. Nevertheless, trading volume fell to 1.82 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Flex Ltd (FLEX)
According to the 24-hour chart, there is a support level at 33.66, which, if violated, would cause prices to drop to 33.21. In the upper region, resistance lies at 34.54. The next price resistance is at 34.98. RSI (Relative Strength Index) is 55.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 60.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
