Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Leggett & Platt, Inc. shares valued at $46,957 were purchased by BURNS BENJAMIN MICHAEL on Jun 06 ’24. At $12.20 per share, BURNS BENJAMIN MICHAEL acquired 3,850 shares. The insider’s holdings grew to 81,362 shares worth approximately $1.0 million following the completion of this transaction.
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
Also, Padmanabhan Srikanth purchased 10,000 shares, netting a total of over 120,649 in proceeds. Following the buying of shares at $12.06 each, the insider now holds 38,623 shares.
Before that, DAVIS JENNIFER JOY had added 1,985 shares to its account. In a trade valued at $24,812, the EVP – GENERAL COUNSEL bought Leggett & Platt, Inc. shares for $12.50 each. Upon closing the transaction, the insider’s holdings increased to 1,985 shares, worth approximately $0.52 million.
As published in a research note from Goldman on April 11, 2023, Leggett & Platt, Inc. [LEG] has been rated down from a Buy to a Neutral and the price target has been revised to $34 from $39. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid December. As of May 04, 2022, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for LEG. Earlier on February 10, 2021, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for LEG stock which previously was a “a Strong buy”.
Analyzing LEG Stock Performance
During the last five days, there has been a drop of approximately -8.96%. Over the course of the year, Leggett & Platt, Inc. shares have dropped approximately -53.00%. Nevertheless, trading volume fell to 1.18 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Leggett & Platt, Inc. (LEG)
RSI (Relative Strength Index) is 40.04 on the 14-day chart, showing neutral technical sentiment.
